Market hopes ride on US soft landing after Fed cut
Business Standard|September 20, 2024
One of the most consequential Federal Reserve meetings in recent history has put investors focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly.
Market hopes ride on US soft landing after Fed cut

The Fed delivered a 50 basis point rate cut on Wednesday - lowering borrowing costs for the first time in more than four years and assured investors the jumbo-sized reduction was a measure to safeguard a resilient economy, rather than an emergency response to recent weakness in the labour market. Bets on the size of the rate cut swung in the days before the meeting and were near an even split on Wednesday morning.

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