At its meeting yesterday, the U.S. Federal Reserve lowered rates by 50 basis points which led to mixed reactions. Broader markets jumped after the first rate cut in over four years, before the S&P 500 Index ($SPX) and Dow Jones Industrial Average Index ($DOWI) pared gains to close Wednesday in the red, as a section of the market fears that the 50-basis point rate cut - which the Fed has historically reserved for macro shocks like the COVID-19 pandemic in 2020 and the 2007-2008 Global Financial Crisis - highlights worries about the U.S. economy.
