Powell's Hawkish Tone Tempers Market Excitement After Historic 50-Basis-Point Interest Rate Cut, Economist Sees 'Welcome News For Credit-Sensitive Sectors' - SPDR Gold Trust ( ARCA:GLD )
Wall Street reacted with unease to Federal Reserve Chair Jerome Powell's remarks following a landmark decision to cut the federal funds rate by 50 basis points, bringing it down to a target range of 4.75% to 5%.
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Sentiment |
Impact |
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IVZ
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Neutral
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11 %
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CMA
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Neutral
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11 %
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LPLA
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Neutral
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6 %
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FOREX:USD
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Neutral
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17 %
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