Stocks fall sharply after the Fed's first rate cut in more than 10 years

Business Insider


· *The S&P 500 fell as much 1.8% after the Federal Reserve cut its benchmark interest rate for the first time since the financial crisis. *
· *The Fed lowered rates a quarter point to a range of 2% to 2.25%. *
· *Chairman Jerome Powell said the cut was a "mid-cycle adjustment," suggesting the decision may not be followed...

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