Market Report - US Close

US close: Stocks fall, markets choppy as Fed slashes interest rates by 50bp

By Benjamin Chiou

Date: Wednesday 18 Sep 2024

(Sharecast News) - US stock markets finished a memorable day in the red on Wednesday as the Federal Reserve made its biggest cut to interest rates in 16 years.
The Fed lowered the Federal Funds Rate by 50 basis points to 4.75-5.0%, marking the first time monetary policy has been eased...

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