Investors Welcome Fed’s Bold Rate Cut
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 19 September 2024
⏱️ 13 minutes
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| 0:25.2 | This is a high-risk investment, and you should not expect to be protected if something goes wrong. US alarm about a possible ground war in southern Lebanon grows, |
| 0:39.4 | plus a look at how global markets are receiving the Fed's half-point rate cut, and Russia tries to rewire its global trade network with mixed results. |
| 0:50.0 | These are key projects for Russia, but they are being impacted on all sides. |
| 0:54.5 | You have the financial situation, you have the infrastructure limits, and then the threat of |
| 0:59.9 | U.S sanctions. |
| 1:00.9 | It's Thursday, September the 19th. |
| 1:03.2 | I'm Azhaharsukri for the Wall Street Journal filling in for Luke Vargas. |
| 1:08.0 | Here is the AM edition of What's News, the top headlines and business stories moving your world today. |
| 1:15.0 | We begin with the Fed, which started its long anticipated cycle of interest rate cuts yesterday, |
| 1:25.0 | with a half-point reduction and entered a new phase in its bid to stick a soft landing for the U.S. economy. I reached out to journal finance editor Alex |
| 1:35.6 | Frangos to ask him how global markets received that move. |
| 1:40.3 | So far, so good. At first the the U.S. markets were up and then they finished flat, but then when overseas |
| 1:46.0 | markets opened in places like Japan and Hong Kong and Europe, stocks are up pretty solidly. |
| 1:52.1 | The dollars down and U. and US stock futures, which give us a flavor of what might happen later Thursday, are also up pretty firmly, so a little bit of a delayed happy response to the big cut. |
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