U.S. markets reacted to the Federal Reserve’s interest rate cut, with futures rising ahead of Thursday’s session. The Fed signaled further easing, causing fluctuations in the dollar and Treasuries. Fed futures predict an 85% chance of another rate cut in October and minimal easing for the rest of the year.

In other news, the Bank of Canada cut rates as expected, while the Bank of England’s decision is awaited. British gilts, sterling, and stocks were firm ahead of the decision, with markets anticipating a slowdown in quantitative tightening. Norway’s central bank also cut its main rate by 25bps.

The Bank of Japan is expected to hold rates with the Nikkei stock index up 1%. Political uncertainty adds complexity, with the ruling party preparing for a leadership vote. China’s stocks underperformed, driven by a slide in real estate stocks. The Bank of England’s active gilt sales are causing trouble, prompting suggestions to halt them.

The Federal Reserve cut interest rates to address concerns about rising unemployment. Walt Disney-owned ABC pulled “Jimmy Kimmel Live” off the air following controversial comments by the host. President Trump meets British Prime Minister Keir Starmer for global-focused talks. The Fed’s rate-cutting cycle amid global trends may lead to choppy waters ahead. Growing blind spots in the oil market could increase volatility.

Read more at Yahoo Finance: Wall St rallies after post-Fed hesitation