Wall Street jumps after rate cut. The Federal Reserve lowered interest rates as expected to 4.50 percent.
The Dow rose after the decision, as well as the Standard & Poor’s 500 index and the Nasdaq composite index.
The dollar moved to a new all-time low after the Federal Reserve cut, the euro bought $1.4477, up from $1.4434.
If we still would have the German Mark (DM), we could see an all-time high of this old currency.
A lower dollar drives the demand for U.S. goods, but there is also an inflationary risk. It is pushing up the price of oil.
The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end The U.S. Federal Reserve announced Wednesday it would cut interest rates for the first time since a recession hit the U.S. economy in 2008. Real estate economists are split on the immediate impact Although eral Reserve Chairman Jerome Powell is optimistic about future of U.S. economy, central bank moved to cut interest a quarter of a percentage point on Wednesday amid Tags: feds, interest, rate, affects, Federal Reserve cuts interest rates US eral Reserve has cut interest for first time in more than a decade and signalled its readiness to provide more support as growth slows in world’s largest economy. For most Americans, 's decision to cut interest could mean a reprieve in escalating borrowing costs. At same time, savings account may fall.