Published 00:43 IST, September 19th 2024
Wall Street rallies after Fed delivers major rate cut, Nasdaq surges 1.16%
There was a 65% probability of a 25 bps cut last week, but this shifted to a 57% chance for the more substantial 50 bps cut this week, as per CME Fedwatch tool.
Wall street update | Image:
Freepik
- Listen to this article
- 2 min read
Advertisement
00:14 IST, September 19th 2024