Key Points
On Wednesday, Wall Street stocks experienced a slight decline following the Federal Reserve's announcement of a half-percentage-point interest rate cut..
The Federal Reserve's decision was supported by an 11-to-1 vote in favor of reducing the benchmark rate to a range between 4.75 percent and 5.00 percent...
The decision to implement a larger rate cut was based on various economic data points, leading policymakers to conclude that monetary decisions had been "appropriately restrictive" and that a "more neutral" approach was now necessary..
The Fed now anticipates only a half-percentage point of cuts remaining in 2024, which is lower than the three-quarter percentage point that traders had been expecting..
The central bank is expected to maintain its current stance following a regular meeting, as official data released on Wednesday showed that British annual inflation remained at 2.2 percent in August...
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