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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: