From Investing.com: 2024-11-08 05:23:00

The Federal Reserve announced a 25bps rate cut, with Chairman Powell expressing confidence in the inflation outlook. Another cut is expected in December, with a 92% probability assigned by the market. Despite the strong US economy, the Fed may continue to ease rates. Yields edged lower post-announcement, but remain elevated, offsetting some of the accommodation provided. US stock indices hit record highs, with the Nasdaq surpassing 6,000. The dollar remained strong, gaining slightly against the euro and pound, but weakening versus the yen. Expectations for a December BoJ rate hike are high, despite mixed economic data in Japan.



Read more at Investing.com: Fed Eases Rates: Optimizing Stock Opportunities as Dollar Holds Steady