Dow +0.57%, Nasdaq -0.32%: How Wall Street Responds to the Fed's Rate Cut
Dow +0.57%, Nasdaq -0.32%: How Wall Street Responds to the Fed's Rate Cut
Wall Street Shows Mixed Results US stock
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Wall Street Shows Mixed Results US stock markets closed with mixed dynamics on Wednesday after the Federal Reserve announced a widely anticipated rate cut of 25 basis points. Despite the predictable decision, remarks from Fed Chair Jerome Powell added uncertainty to the trading session. Labor Market Concerns Overtake Inflation Risks The central bank signaled that it plans to continue easing monetary policy gradually through the end of the year. Policymakers emphasized growing weakness in the labor market, which they now view as a
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