(adsbygoogle = window.adsbygoogle || []).push({}); On Wednesday, 18th September 2024, the Fed announced the jumbo rate cut of 50 bps. Despite a stock market rally on Thursday, the Straits Times Index (STI) ended 0.23% lower on Friday. With the exception of Dow Jones closing 0.09% higher, NASDAQ and S&P 500 closed 0.36% and 0.19% lower. […]

source: https://thefinance.sg/2024/09/21/fed-jumbo-rate-cut/