Markets jumped this afternoon following a surprise US interest rate cut by the Federal Reserve. The m...
Markets jumped this afternoon following a surprise US interest rate cut by the Federal Reserve. The move prompted a wave of buying, especially in technology and financials and has prompted calls that we've seen out year lows. The FTSE 100 finished with a decent gain of 129.1 points to 5890.2. The US Federal Reserve issued its fourth rates cut of the year of 0.5% to 4.5%. Despite being cheered by the boost to global markets some investors warned that the extent and nature of the cut suggests the US economy may be in a worse state than first thought. Encouraging results from ...
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