SEP 18. US cut down the rate in 4 years.

Chun09
5 min readSep 19, 2024

As expected, US Fed lowered the dollar rate by 0.5% today. It is the first interest rate cut in 4 and a half years.

Since everyone expected the rate cut to some extent, there was no major change in the market. The stock and raw material markets were all in a wait-and-see mode all day.

Trump side is expressing strong dissatisfaction, saying that the decision to lower rates is very political ahead of the presidential election, but since only one member of the Fed, whom Trump nominated 5 years ago, opposed the rate cut, everyone seems to think that now is the right time to start lowering interest rates.

The Bank of England and the Bank of Japan will make interest rate policy decisions tomorrow, but they all seem to be freezing this September.

Despite the interest rate cut, the US stock market showed a correction today.

DJ Index fell 0.3%, S&P 500 index was downed by 0.3%, and NASDAQ index also fell 0.3%. As expected, interest rates was…

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Chun09
Chun09

Written by Chun09

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