Reported 20 days ago
On September 18, 2024, the U.S. stock market experienced gains after the Federal Reserve announced a half-percentage-point cut to interest rates, marking its first reduction since 2020. The Nasdaq Composite rose about 0.5%, while the S&P 500 and Dow Jones increased by 0.3%. The Fed's decision was largely anticipated, with forecasts indicating two additional cuts later in the year, reflecting a focus on sustaining economic stability amid declining inflation.
Source: YAHOO