Wall Street Rallies on Dovish Fed’s Policy
Wall Street surged with strong bullish momentum after digesting the FOMC interest rate decision on Wednesday.
2024-09-20
Eyes on Today’s BoE Policy Decision
The Federal Reserve's monetary policy decision was announced yesterday, aligning with market expectations for a more aggressive rate cut. This bold move sparked significant volatility in the market, with the Dollar Index (DXY) fluctuating by over 1% during the event. However, as the rate cut had been largely priced in by the market, Wall Street reacted negatively, leading to declines across all three major indices by the end of the session.
2024-09-19
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