The U.S. Federal Reserve delivered its first interest rate cut since 2024, reducing rates by 25 basis points in a move that had been fully priced in by markets. Investors had anticipated the decision following Chairman Jerome Powell’s dovish remarks at Jackson Hole and signs of a weakening labour market. The S&P 500 rallied 3% over the past month in anticipation of the cut. Josh Gilbert, Market Analyst at eToro, commented that looking ahead, the Fed has signaled two more cuts are possible in 2025, barring any significant surprises in ...