US Fed Rate Cut: How have markets reacted to rate cuts historically?

By Sunil Dhawan – Financial Express

For the global equity market, September 18 is perhaps the most important day of 2024. The next FOMC meeting taking place over two days – September 17-18 will also see the release of a Summary of Economic Projections.

The likelihood of a US Fed rate cut happening on September 18 remains high. The market is concerned about whether the Federal Reserve will slash interest rates by 0.5 percentage points or by a less aggressive quarter-point.