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Cutting interest rates by 50 basis points! The Federal Reserve initiates a aggressive first step to open a period of monetary easing.
Understand the attitude changes of policymakers in the Federal Reserve's latest statement, providing investors with the latest macroeconomic news.
Powell emphasized: the substantial interest rate cut is to stabilize the employment market, and the U.S. economy is still in a strong state.
Federal Reserve Chairman Powell pointed out at the press conference that the main purpose of this rate cut is to stabilize the employment market.
US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
The Federal Reserve announces! 50 basis points cut, Powell's heavyweight statement!
The Fed's interest rate cut is finally here!
JPMorgan: Prepare for the decrease in the future ten-year ROI of US stocks.
According to a model from JPMorgan that focuses on long-term market performance, the average annual return rate of the S&P 500 index in the next ten years may decrease to 5.7%.
Powell's Hawkish Tone Tempers Market Excitement After Historic 50-Basis-Point Interest Rate Cut, Economist Sees 'Welcome News For Credit-Sensitive Sectors'