Fed's Bold Rate Cut Sparks Market Rally, Fuels Speculation of Further Easing Following the Federal Reserve’s larger-than-expected 50 basis point rate cut, financial markets have responded positively, with key stock indices hitting new highs. Economists are now considering the likelihood of another significant rate reduction, driven by worries about persistent labor market softness. The potential for continued job market cooling could prompt the Fed to opt for another aggressive cut, despite initial expectations of more gradual reductions throughout the year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Global PMI Data Shows Persistent Price Inflation in May READ MORE CBO Raises 2024 US Budget Deficit Forecast by 27% to Nearly $2 Trillion READ MORE Gold Soars to New Heights as Rate Cut Optimism Persists; Copper Gains on China Stimulus READ MORE Economists at Commerzbank Expect the Gold Price To Remain Supported READ MORE Global CIO Office CEO Touts Gold as Top Investment Pick READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment