Markets React as Fed Announces 50-Basis-Point Rate Cut ...Middle East

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Markets React as Fed Announces 50-Basis-Point Rate Cut
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The dollar bounced, long-dated bond yields increased, and Asian stocks rose following the U.S. Federal Reserve's announcement of a 50-basis-point rate cut. The Federal Reserve indicated that the easing cycle would be measured, leading to a record-high S&P 500 overnight, although it closed slightly lower and futures rose by 0.67% in Asia. Nasdaq futures increased by 1%, while Japan's Nikkei jumped 2.5%, and stock markets in Australia and Indonesia reached record highs.

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