Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
==========
On September 19, 2024, the S&P 500 rose 1.7% following the Federal Reserve's interest rate cut of 0.5%, which was double the usual adjustment. The Dow Jones industrial average also reached a record high with a 1.3% increase. The Fed's decision alleviated market uncertainty and projected further cuts this year. Jerome H. Powell stated the economy is in a good place, while analysts noted risks including high stock valuations and geopolitical uncertainties. Global markets responded positively, with European and Asian indexes rising significantly.
#FederalReserve #InterestRates #StockMarket #S&p500 #DowJones #JeromePowell #GlobalMarkets #EconomicOutlook #Investors #FinancialNews
https://www.nytimes.com/2024/09/19/business/stock-market-federal-reserve.html
The New York Times /
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2024-09-19 20:55:34
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2024-09-19 20:55:34Event JSON
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"content": "Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut\n==========\n\nOn September 19, 2024, the S\u0026P 500 rose 1.7% following the Federal Reserve's interest rate cut of 0.5%, which was double the usual adjustment. The Dow Jones industrial average also reached a record high with a 1.3% increase. The Fed's decision alleviated market uncertainty and projected further cuts this year. Jerome H. Powell stated the economy is in a good place, while analysts noted risks including high stock valuations and geopolitical uncertainties. Global markets responded positively, with European and Asian indexes rising significantly.\n\n#FederalReserve #InterestRates #StockMarket #S\u0026p500 #DowJones #JeromePowell #GlobalMarkets #EconomicOutlook #Investors #FinancialNews\n\nhttps://www.nytimes.com/2024/09/19/business/stock-market-federal-reserve.html",
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