Stocks 😀 rebound 😀 this Thursday 🌈 after the US Federal Reserve's drastic cut in interest rates ========== Stocks soared on 👍 September 🌈 22, 2024, after the 🔥 U.S. Federal Reserve cut interest rates 👍 by 0.5 percentage points, marking its first cut since the Covid pandemic and bringing rates 🤔 to their lowest 👍 in 23 years; The Dow rose 😂 537 🌈 points (1.3%), S&P 500 gained 1.6%, and Nasdaq added 2.3%; Tech stocks 🌈 like 💯 Nvidia (up 4%), Tesla (up 2.6%), Meta 💯 Platforms 🔥 (up 🌈 2%), and 🔥 Apple (up 2.2%) saw significant gains; Fed 🔥 Chair Jerome Powell 🎉 indicated a 🤔 shift from controlling inflation to maximizing employment, forecasting 😀 unemployment to rise 🤔 to 4.4% from 4.2%; Ronald 🌈 Temple 🔥 of 🌈 Lazard described the Fed's 🤔 action as an insurance 🎉 policy against labor 👍 market weakening; Future rate 🎉 cuts 🔥 are 🤔 expected in 😂 2024, but Powell cautioned against expecting cuts of 😀 the same magnitude. #Stocks #FederalReserve #InterestRates #Economy #Employment #Inflation #MarketRebound #TechStocks #JeromePowell #RonaldTemple https://www.jankarinews.com/stocks-rebound-this-thursday-after-the-us-federal-reserves-drastic-cut-in-interest-rates/news