Fed cuts rates 0.25% but markets still dropped - here's what smart money knows
Key Points
- The Federal Reserve cut rates by 0.25% for the first time in...
The Federal Reserve just pulled the trigger on its first rate cut in nine months, shaving off 0.25% to bring rates down to the 4.00%-4.25% range. You'd think markets would throw a party, right? Wrong. The S&P 500 and Nasdaq actually ended the day in the red, proving once again that giving traders what they want doesn't guarantee they'll be happy about it.
Fed Chair Jerome Powell delivered the news on September 17, essentially admitting that keeping inflation in check while trying to jumpstart employment is like trying to parallel park while texting - technically possible, but probably going t...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.