Fed Rate Cut Sparks Market Mixed Reaction

Global markets reacted mixedly to the Feds rate cut, with the S&P 500 and Dow Jones Industrial Average rising, while the Nikkei 225 and Hang Seng fell. The Feds hint at potential future cuts sparked optimism, but concerns over AI spending and interest rate hikes in Japan and Hong Kong weighed on markets. The Feds Powell acknowledged the central banks challenging position, with a slowing job market and inflation pressure.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.