The Fed lowers interest rates! Certainly hadn’t expected it till the end of the month. Obviously, since this is the first time they changed rates in-between policy meetings. The market was caught short too. Anyway, the NASDAQ has shot up. IT stocks in India are following.
Fed lowers interest rates
I was surprised by the Federal Reserve's unexpected inter-meeting interest rate cut, the first of its kind. The move caught the market off guard, sparking a significant rally across the NASDAQ and Indian IT stocks.