ASIA Fed goes big, markets yo-yo

Posted on AllSides September 18th, 2024
From The Center

Sept 19 (Reuters) - A look at the day ahead in Asian markets. "Go big, and go bold," was the advice to Fed Chair Jerome Powell and colleagues from some U.S. policy watchers and even former policymakers , and didn't they do just that. The Federal Reserve 's half percentage point interest rate cut on Wednesday was a statement of intent that the Fed stands ready to protect the labor market and steer the economy away from anything approaching recession. Investors liked it , at first. The S&P 500, Dow...

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https://reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-09-18

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