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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 … Continue reading

If the Federal Reserve meets market expectations and cuts interest rates this year, it would be more to assuage flagging confidence than it would be to address any particular ill. The potential for Fed rate cuts is seen as insurance against a downturn. In Mr Powell’s own words, the central bank will “act as appropriate to sustain the expansion”. Investors have increased bets that eral Reserve will cut US interest not once but twice this year, to counter concerns about slowing global economic growth that have been inflamed by Tags: investors, raise, bets, making, What to do when the If , prime rate drops and on auto loans from financial institutions soon follow suit. Not all car loans are tied to prime rate, however. JPMorgan has decided to accept Treasury market’s foreboding signals about growth. bank is cutting its year-end predictions for yields and interest , and predicts that eral