Impact of oversized US Fed rate cut falls on Asia-Pacific markets: What it could mean for the US economy
US Federal Reserve's Chair Jerome Powell shook the markets after their aggressive stance of a 50 basis points rate cut, the US economy is in a precarious situation. Meanwhile, the effects of the same can be easily felt in the Asia-Pacific markets as well, as they reportedly opened higher than usual, hours after the massive Fed rate cut.
Three major US indexes fall sharply
Three major US indexes, including the Dow Jones Industrial Average and S&P 500, fell significantly amid all the market volatility situations, coupled with the anticipation and anxiousness surround the US Fed Reserve's rate cut decision. Meanwhile, a CNBC report suggests that the Nasdaq Composite also fell 0.31% to 17,573.3. For S&P 500, it has been an overall troubling month, and there is no saying as to which way it is destined to go, with the Fed rate cut already showing its impacts across the world.
Asia Pacific traders still assessing Fed rate cut
There is not major market movement yet, but traders, not only in the Asia-Pacific markets, but also across London, are closely monitoring the market trends and movements following the US Fed decision of slashing down rates by a 50 bps. This move, aimed at halting an impending recession at its tracks, and also keeping inflation at bay, could have major implications for the markets, which may not be foreseen.
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Moreover, the upcoming US elections is also toying with the hearts and minds and US and international investors, who are still reacting to the uncertainty surrounding the polls, where Donald
