The Federal Reserve kicked off its long-awaited easing campaign with a bang this week, cutting the federal funds by hefty 50 basis points. Investors viewed the aggressive reduction — the first in four years — as largely positive, with the three averages all finishing in the black. The S & P 500 advanced 1.36%, while the Dow Jones Industrial Average climbed 1.62% to a new all-time high, and the tech-heavy Nasdaq Composite increased 1.49%. That's not to say it's easy sailing from here.
The Federal Reserve kicked off its long-awaited easing campaign with a bang this week, cutting the federal funds by hefty 50 basis points.
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