No Fireworks After Fed Cut, Attention Turns to BoE

Market reactions were indecisive after Fed’s much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a recovery. The reaction was somewhat anticlimactic but understandable given the unusually high level of uncertainty surrounding this FOMC meeting. In […]

The post No Fireworks After Fed Cut, Attention Turns to BoE appeared first on Action Forex.