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.
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%.
A review of Powell's speech: There is no fixed interest rate path, and there is currently no sign of a recession in the US economy.
①Powell said that there are currently no signs of a recession in the US economy, and he does not believe that an economic recession is imminent; ②Powell emphasized that no fixed interest rate path has been set and decisions will be made progressively through meetings.
Over a hundred former Republican officials have written an open letter supporting Harris: Trump is not suitable to regain the White House.
① These Republican officials have served in institutions such as the White House, Department of Defense, Department of the Treasury, Department of State, Department of Justice, Department of Homeland Security, and Congress; ② These officials expressed that although there may be policy differences with Harris, compared to the "chaos and unethical behavior" displayed by Trump, these concerns are insignificant.
Will the Fed's interest rate cut boost small stocks? Is the rate cut just "noise"?
Analysts pointed out that small stock investors should not be obsessed with the debate over 25 basis points or 50 basis points because this magnitude "will not have such a big impact on the economy in the long term."
US stock market outlook: the Federal Reserve interest rate meeting tonight; pre-market surge of nearly 53%! US space concept stock LUNR won nearly $5 billion contract.
Apple has been surpassed by Xiaomi again after 3 years, falling to the third largest mobile phone brand in the world in August; United States Steel rose nearly 4% in pre-market trading, and the CEO said he is confident that the acquisition deal will eventually be approved by the US government; Another major bank is strongly bullish on gold: it will rise to $2900 next year.