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FOMC cuts rates 25 bps: enough or too much?
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Here comes the hawkish cut

Wall Street closed in a sea of red on Wall Street after the Fed cut interest rates by 25 basis points and projected fewer interest rate cuts for 2025 amid sticky and stubborn inflation. This is the “hawkish cut” that many have talked about.

The Dow Jones has declined for 10 straight days, its worst run of consecutive red days since 1974.
It seems that the last path of the Fed's push to bring inflation down to its 2% target is proving more difficult than many have initially projected.
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