The Federal Reserve's decision to cut interest rates by 50 basis points (bps), the largest cut in four years, was met with a muted response from the markets. Initially, stocks rallied, the dollar fluctuated, and gold prices swung. However, by the end of the day, markets seemed undecided on the Fed's future moves, leaving investors wondering if more cuts are on the horizon. Despite the big announcement, Federal Reserve Chair Jerome Powell emphasised this is not necessarily a sign of more aggressive cuts to come.

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