• Fed goes big with first rate cut; BoE takes the torch

  • Sep 19 2024
  • Length: 4 mins
  • Podcast

Fed goes big with first rate cut; BoE takes the torch

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  • Summary

  • Fed lowers interest rates by 50bps. New dot plot signals another 50bps cuts by December. Wall Street closes in the red, futures point to higher open. BoE and BoJ take the central bank torch.

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