Markets need time to digest the 50-point cut [Video]

A jumbo-sized 50-point cut The U.S. Federal Reserve slashed rates by half a percentage point, bringing the federal funds rate to 4.75%–5%. Federal Open Market Committee members see the rate falling to 4.25%–4.5% by the end of this year, meaning another half-point cut before 2025. Members also raised their estimation of the unemployment rate this year to 4.4% from the 4% projected in June. 

Rate cut didn’t boost markets U.S. markets popped on the Fed’s 50-point cut but couldn’t maintain their gains. On Wednesday, the S&P lost 0.29%, the Dow fell 0.25% and the Nasdaq dipped 0.31%. Asia-Pacific markets, however, traded higher Thursday. Hong Kong’s Hang Seng indexclimbed around 1.8% as the city …