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Instant Reaction: Jerome Powell Defends 50 Point Rate Cut

Bloomberg Surveillance

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Analyzing the Federal Reserve's Historic Rate Cut Decision

This chapter explores the Federal Reserve's recent decision to cut interest rates by 50 basis points, highlighting the first dissent from a sitting governor in nearly two decades. It examines market reactions, particularly in the S&P 500 and Nasdaq 100, while questioning the effectiveness of the Fed's policies amidst ongoing inflation and labor market dynamics.

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