U.S. stocks finished lower after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had been expecting just a week ago.
Though traders had anticipated a rate cut, they had been left guessing about the size of the move. A week ago, traders were fairly confident that the Fed would cut by the traditional 0.25 percentage point. That consensus vanished in recent days, with many expecting a larger cut, but there was still a large amount of uncertainty heading into….
To continue reading please visit: Fed Meeting, Sept. 18, 2024: Stocks Edge Lower After Fed Announces Half-Point Rate Cut (wsj.com)