Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing. Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory following indications the central bank wouldn't move into a prolonged period of easing. Fed Chair Jerome Powell erased those losses during his press conference by saying the central bank will cut as needed to fend off an economic contraction.
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