The Dow spikes more than 350 points as Fed minutes and an inflation report come into focus
- Posted on October 9, 2024
- By Yahoo News
- 1 Views
The Dow spikes more than 350 points as Fed minutes and an inflation report come into focus
The Dow jumped more than 350 points on Wednesday after the release of minutes from the Fed’s Sept. 17-18 meeting showed how officials agreed to a half-point rate cut. Despite being divided on the economic outlook and uncertain about how aggressive to be, the Fed settled on a 50-basis-point reduction—the first in over four years.