The US Federal Reserve (Fed) recently made its latest interest-rate cut, sending US stocks sliding at first. The central bank also updated its projections and revised its policy statement. Analyst Jochen Stanzl says the changes in the Fed’s communication signal that they are almost done cutting rates.
According to Stanzl, there are two key points from the Fed’s decision: it is now considering the timing and extent of future rate hikes, and one FOMC member voted against the interest-rate cut. This suggests that the Fed is signaling its intent to conclude the rate-cutting cycle.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-rise-ahead-of-final-rate-decision-and-economic-forecast-of-the-year/card/fed-sends-market-a-message-we-re-almost-done-cutting-rates-2xlVTx02uTWGYkvsvxsX