US EditionWall Street Poised to Open at Record Levels Following the Fed's First Rate Cut of 2025
Federal Reserve expects to cut rates two more times this year due to a slowing job market and inflation above the 2% target, signaling cautious economic management.
- On Wednesday, the Federal Reserve reduced interest rates for the first time since a nine-month pause, prompting Wall Street to start trading at record levels on September 18, 2025.
- The rate cut followed persistent inflation above the Fed's 2% target and a slowing job market, complicating efforts to balance economic goals.
- Markets showed early strength with S&P 500 futures climbing 0.8% and Nasdaq futures increasing by 1.1%, as shares of Intel surged by over 28% following Nvidia’s announcement of a $5 billion investment.
- Fed Chair Jerome Powell warned that projections could change and urged against treating them as guarantees, with members expecting two more rate cuts this year.
- Cracker Barrel shares fell 8.2% due to expected lower sales amid controversy over its logo change, while cautious trading awaited the Bank of England's rate decision later that day.
18 Articles
18 Articles
Press-Telegram
Wall Street poised to open at record levels following the Fed’s first rate cut of 2025
By TERESA CEROJANO and MATT OTT, Associated Press Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve’s first interest rate cut in nine months. Futures for the S&P 500 rose 0.8% before the bell, while futures for the Dow Jones Industrial Average added 0.7%. Nasdaq futures jumped 1.1%. Intel shares soared more than 28% after Nvidia announced it was investing $5 billion in the California ch…
The Fed chairman achieved consensus among officials to cut interest rates, balancing concerns about inflation, slowing employment and intense political pressures.
Wall Street poised to open at record levels following the Fed's first rate cut of 2025
Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve’s first interest rate cut in nine months. Futures for the S&P 500 rose 0.8% before the bell, while futures for the Dow Jones Industrial Average added 0.7%. Nasdaq futures jumped 1.1%. Intel shares soared more than 28% after Nvidia announced it was investing $5 billion in the California chipmaker as part of a collaboration to ramp up cust…
XAU/USD down but not out in the Fed’s aftermath
Gold holds the pullback early Thursday, having renewed record highs at $3,708 in a knee-jerk reaction to the Fed announcement. US Dollar recovers on Fed Chair Powell’s cautious stance on further policy easing. Gold retreats from extreme overbought conditions on the daily chart, keeping buying interest alive. Gold is licking its wounds near $3,650 in Thursday’s Asian trades, having stalled its pullback from fresh record highs of $3,707 reached …
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