Why US Stock Markets Fell Despite a Policy Rate Cut by Federal Reserve | Dot Plot Decoded

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The US Federal Reserve announced its eighth and final monetary policy decision for 2024. After a two-day Federal Open Market Committee (FOMC) meeting, it slashed its benchmark interest rate by (25 bps) or a quarter of a percentage point to 4.25-4.50 per cent. US Fed chair Jerome Powell-led rate-setting panel cut the federal funds rate for the third straight meeting after kicking off its policy easing cycle in September for the first time in four years.