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How did the market react to the US Federal Reserve cutting interest rates?

Author
Newstalk ZB,
Publish Date
Thu, 19 Sep 2024, 8:36pm
Photo / NZ Herald
Photo / NZ Herald

How did the market react to the US Federal Reserve cutting interest rates?

Author
Newstalk ZB,
Publish Date
Thu, 19 Sep 2024, 8:36pm

The US Federal Reserve surprised economists with its first interest rate cut in four years.

Rates have gone down by 0.5 percent to about 4.8 percent - a significant shift after two years of high rates designed to tame inflation.

Fisher Funds expert Sam Dickie says the markets responded well to this move after pricing in potential cuts. 

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