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On September 20, 2024, Wall Street traders have shown increased risk appetites following a half-point rate cut by Federal Reserve Chairman Jerome Powell. This move has been seen as a moment of vindication for traders whose taste for speculation has been growing bolder. The rate cut has positioned Powell as a hero in high-priced markets, according to a Bloomberg article.
Risk Appetites Rage as Powell Proves Hero in High-Priced Markets - Bloomberg
🇺🇸 Risk Appetites Rage as Powell Proves Hero in High-Priced Markets - Bloomberg https://t.co/V0S0v4Oszh https://t.co/sFSfmBKTMr
For Wall Street traders whose taste for speculation only seems to get bolder by the week, Jerome Powell’s half-point rate cut was a moment of vindication https://t.co/lVk1AwVpQ0 via @markets
