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- Sep 17 Fed takes the safe route, cutting rates 0.25%
Market
“Markets were mixed on the rate cuts, primarily due to the expectation of higher cuts, but really the NASDAQ has taken a big move higher so this is a welcome break from higher highs” 😊 😋
Mixed markets with Dow up but S&P500 and NASDAQ lower
While the rate cut was expected, there was debate about a 0.50% vs 0.25% rate cut and the final approach taken by the Fed was a safe one. They also signaled 2 more rate cuts this year so that means another 0.5% lower interest rates at the minimum.
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