S&P 500, Gold Strike All-Time Highs After Fed Cuts Rates For First Time In 4 Years, Stocks Climb
S&P 500, Gold Strike All-Time Highs After Fed Cuts Rates For First Time In 4 Years, Stocks Climb
The Markets are bouncing Wednesday afternoon following the Federal Reserve's decision to cut rates by 0.5%, marking the beginning of the central bank's highly anticipated cutting cycle.
美联储下调0.5%的利率决定，标志着央行备受期待的降息周期的开始，周三下午市场出现反弹。
What To Know: Wednesday's 0.5% rate cut brings the target fed funds rate to a new range between 4.75% and 5%, down from a 23-year high of 5.25% to 5.5%. It's also the first rate cut since March 2020.
要了解的内容：周三下调0.5%的利率将目标联邦基金利率降至4.75%至5%的新区间，较最高水平的5.25%至5.5%的23年纪录下跌，这也是自2020年3月以来的首次降息。
The fed funds rate has been sitting at a range between 5.25% and 5.5% since the central bank last hiked in July 2023.
自央行在2023年7月最后一次加息以来，联邦基金利率一直维持在5.25%至5.5%的区间内。
The SPDR S&P 500 (NYSE:SPY), which tracks the S&P 500 index, was up 0.39% at last check, led higher by a variety of names like Arm Holdings Plc (NASDAQ:ARM), The Trade Desk Inc (NASDAQ:TTD) Toyota Motor Corp (NYSE:TM), General Motors Co (NYSE:GM) and Marriott International (NASDAQ:MAR).
标普500指数跟踪的SPDR标普500 (NYSE:SPY) 指数基金，在最近一轮查询中上涨0.39%，由如 Arm Holdings Plc (NASDAQ:ARM), The Trade Desk Inc (NASDAQ:TTD), 丰田汽车公司 (NYSE:TM), 通用汽车公司 (NYSE:GM) 和万豪国际 (NASDAQ:MAR) 等多只股票带动上涨。
The materials sector, as tracked by the Materials Select Sector SPDR Fund (NYSE:XLB), was showing the most strength at the time of writing, climbing approximately 0.6% following the Fed decision. The energy sector, tracked by the Energy Select Sector SPDR Fund (NYSE:XLE), was the weakest, down 0.3% following the rate cut. Energy stocks had performed well on Wednesday ahead of the Fed decision, which may explain some of the relative weakness in afternoon trading.
材料板块，即材料选择板块 SPDR 基金 (NYSE:XLB)，在文中所述时间段内表现最强，涨幅约为0.6%，此前能源选择板块，即能源选择板块 SPDR 基金 (NYSE:XLE)，在降息后下跌了0.3%。周三，能源股在央行决策公布前表现良好，这可能解释了午后交易的相对疲软。
Here's a look at how various ETFs tracking the price-weighted Dow Jones Industrial Average, tech stocks, small caps, treasuries and gold are faring following the Fed's latest move.
以下是关注联储最新动向后，追踪基于价格加权的道琼斯工业平均指数、科技股、小市值股、国债和黄金的各种ETF的表现。
- SPDR Dow Jones Industrial Average ETF (NYSE:DIA): up 0.38% at $418.87.
- SPDR道琼斯工业平均指数ETF (NYSE:DIA)：上涨0.38%至418.87美元。
- Invesco QQQ Trust (NASDAQ:QQQ): up 0.64% at $476.53.
- 纳指100ETF-Invesco QQQ Trust (NASDAQ:QQQ)：上涨0.64%至476.53美元。
- IShares Russell 2000 ETF (NYSE:IWM): up 1.62% at $222.90.
- 纳斯达克:石岩罗素2000指数etf(纽交所:iwm)：上涨1.62%，报$222.90。
- IShares 20+ Year Treasury Bond ETF (NASDAQ:TLT): down 0.39% at $100.45.
- 纳斯达克:石岩20+年期国债etf(纳斯达克:tlr)：下跌0.39%，报$100.45。
- SPDR Gold Trust (NYSE:GLD): up 1.01% at $239.75.
- 纽交所:spdr金etf(gld)：上涨1.01%，报$239.75。
It's also worth noting that crypto markets are volatile following the Fed decision on rates. Bitcoin (CRYPTO: BTC) was down 0.86% over a 24-hour period, trading at $60,480, but well off its lows for the day, and Ethereum (CRYPTO: ETH) was down 1.79% at $2,322.
值得注意的是，在美联储基准利率决定后，加密市场的波动性较大。比特币(BTC)在24小时内下跌0.86%，交易价格为$60,480，但远低于当天的低点，以太坊(ETH)下跌1.79%，报$2,322。
The increased volatility is likely a result of uncertainty heading into the meeting. According to CME's FedWatch tool, the market was projecting a 61% chance of a larger 0.5% rate cut heading into the meeting versus a 39% chance of a smaller 0.25% cut.
这种增加的波动性很可能是会议前的不确定性带来的结果。根据cme的FedWatch工具，市场预计在会议中有61%的机会降息0.5%，而只有39%的机会降息0.25%。
As reported by Benzinga, the updated quarterly Dot Plot, which helps signal the Fed's future policy intentions, indicates a more aggressive path for rate cuts than previously projected following Wednesday's 0.5% cut. The median projection now calls for a total of 1% in rate cuts in 2024.
根据Benzinga的报道，更新后的季度点图有助于预示美联储未来的政策意图，在周三的0.5%降息之后，显示出了比以前更为积极的降息路径。中位数预测现在呼吁在2024年降息总额为1%。
SPY Price Action: At the time of publication, the SPDR S&P 500 was up 0.39%, trading at $565.30, according to Benzinga Pro.
SPY：航拍SPDR标准普尔500指数etf(PRO)显示，截至发稿时，SPDR标准普尔500指数etf上涨0.39%，报$565.30。
- 10 ETFs Investors Secretly Bought Before The Fed's Make-Or-Break Interest Rate Call
- 投资者在央行的决定性利率看涨之前秘密购买的10个ETFs
Watch Fed Chair Jerome Powell's press conference here:
观看美联储主席杰罗姆·鲍威尔的新闻发布会请点击这里：
This illustration was generated using artificial intelligence via Midjourney.
此插图是通过Midjourney使用人工智能生成的。
