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Fed cuts interest rates, U.S. financial marekt and crypto market performance

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2024-09-19 02:26:14
With the Federal Reserve's September 2024 interest rate meeting to cut interest rates by 50bp resolution passed, mainstream financial marekt feedback is mixed:
1. Bank stocks rose across the board;
2. The two-year US Treasury yield fell by 8 basis points in the short term, and is now reported at 3.598%;
S & P 500 futures rose 0.85%, Nasdaq futures rose 1.3%, and Dow futures rose 0.51%.
4. Spot gold returned to $2,560/ounce, up 0.03% in the day;
5. Crypto market within 12 hours, multiple orders liquidated 39.5553 million dollars, empty orders liquidated 110 million dollars;
6. Mainstream cryptocurrencies in the crypto market are on the rise, with Bitcoin breaking through $62,000 and Ethereum breaking through $2,400.
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