Fed Rate Cut Ignites Wall Street: September Sees Broadest Risk Rally Since 2021
Fed Rate Cut Ignites Wall Street: September Sees Broadest Risk Rally Since 2021
Wall Street is experiencing a significant surge this week, propelled by a recent Federal Reserve interest-rate cut. The move has ignited a broad cross-asset rally throughout September, marking the most extensive market advance since the 2021 frenzy.
The Fed’s rate cut, intended to support a weakening labor market, has instead unleashed a wave of risk appetite. This has led to strong gains across the risk complex, including advancements in junk bonds and shares of previously unprofitable technology companies. Global equities have reached new record highs, while credit spreads have tightened to levels not seen since 1998, indicating a widespread retreat of market fear.
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