Tech Stocks Soar As Fed Cuts Rates, Powell Signals More Ahead - Broadcom (NASDAQ:AVGO), IonQ (NYSE:IONQ)

Tech Stocks Soar As Fed Cuts Rates, Powell Signals More Ahead - Broadcom (NASDAQ:AVGO), IonQ (NYSE:IONQ)

Tech stocks rebounded as the Fed cut rates and Powell signaled more easing ahead, citing labor market risks and cooling inflation.

FOMC cuts target interest rate by 25 basis points

Asset prices are near all-time highs, but the Fed cuts rates to pad the wealth of Wall Street, and to please the Trump administration.

Powell cuts by 25 bps, signals caution in Washington

Stocks rose after a choppy week, yet the mood was not driven by a new wave of support from Washington. Chair Jerome Powell cut the policy rate by 25 basis points and stressed that the move had an “insurance aspect,” not the start of a long cutting cycle. He nodded to a softer labor market—firms hiring more cautiously—however he also argued “it’s not a bad economy.” He added that “it’s challenging to know what to do,” a line that underlined cauti…

FOMC Meeting Update: Powell Cuts Rates 25 bps, Altcoin Season in Focus

Fed cuts rates despite high inflation, sparking market rally & altcoin boom hopes—Is this the start of a powerful new cycle?