US Fed Meeting Live: Jerome Powell Announces Significant Rate Cut
Wednesday, 18 September 2024, 15:44
What Happened at the US Fed Meeting?
In a highly anticipated US Fed meeting, the Federal Reserve, under the leadership of Chair Jerome Powell, decided to cut interest rates by 50 basis points. This marks a historic shift in policy after a lengthy period of maintaining rates at a 23-year high. The US Fed rate cut aims to stimulate economic activity amid rising inflationary pressures.
Impact of the US Fed Rate Cut on Financial Markets
- The rate cut is expected to have significant implications for the US stock market.
- Wall Street is closely monitoring the US inflation data and its correlation with the Fed's policy adjustments.
- Key indices such as the Dow Jones Industrial Average and NASDAQ Composite Index may react sharply to the news.
Live Updates and News from the US Federal Reserve
- Watch for updates on how the US stocks react post-decision.
- Analyzing the US Fed verdict and its implications for future policies.
- Insights on global market forecasts following the US Fed meeting.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.