The Federal Reserve announced a 25 basis point rate cut Wednesday afternoon, but the market’s enthusiasm quickly dampened as Federal Reserve Chair Jerome Powell’s press conference provided minimal clarity on future monetary easing — sparking a sell-off in US equity markets (^DJI, ^IXIC, ^GSPC). Market Domination anchors Julie Hyman and Josh Lipton analyze the stock market reaction and discuss rate cut expectations for 2025.
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