Fed Prices in Only 50 Basis Points of Easing, Stock Futures Fall

The Federal Reserve's decision to price in only 50 basis points of easing in 2024 has led to a notable downturn in the stock market, as reflected in the futures of major indexes. The Russell 2000, Nasdaq, and S&P 500 futures have all seen declines, with the Russell 2000 down 2.3%, Nasdaq down 1.2%, and S&P 500 down 0.95%. Additionally, the Russell 2000 ETF ($IWM) is set to open down 2.85%. This move by the Fed has sparked reactions across financial news platforms, with multiple sources reporting on the anticipated easing and its impact on the market.