Fed decision sparks market sell-off

The Federal Reserve announced a 25-basis-point interest rate cut on Wednesday afternoon, but market enthusiasm was quickly dampened as Federal Reserve Chairman Jerome Powell’s press conference provided minimal clarity on future monetary easing — triggering a selloff in U.S. stock markets (^DJI, ^IXIC , ^ GSPC).

Market dominance anchors Julie Hyman and Josh Lipton analyze the stock market’s reaction and discuss expectations for rate cuts for 2025.

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This post was written by Angel Smith