The Federal Reserve’s highly anticipated September interest rate decision has finally arrived
Update: 2024-09-18
Description
It's a massive day on Wall Street as the Federal Reserve’s highly anticipated September interest rate decision has finally arrived. The central bank is expected to cut rates for the first time in four years as it eyes a soft landing for the US economy. However, the size of the Fed’s cut is still unclear.
Takeaways
- US stock futures (ES=F, NQ=F, YM=F) and US Treasury yields (^TYX, ^TNX, ^FVX) are moving higher in Wednesday's pre-market trading as the Federal Reserve is anticipated to cut interest rates for the first time in four years coming out of its September policy meeting later today.
- Investors are going back and forth on whether the central bank will ease rates by as little as 25 basis points or as much as 50 basis points.
- Alphabet's Google (GOOG, GOOGL) won an antitrust suit in EU courts, overturning a $1.7 billion fine originally levied against the tech giant for its dominance in the advertising space.
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