Fed Slashes Rates 50 bp in First Easing Since Pandemic
The Federal Reserve has initiated a new easing cycle with a substantial 50 basis points rate cut, marking its first reduction since the tightening cycle began in 2022. However, financial markets did not maintain the post-rate cut momentum: U.S. stock markets surged initially but then retreated, with major indices turning negative during the session. Gold, which briefly reached a...