Markets expected the rate cut, but the ‘real surprise’ is the Fed’s opinion on the current state of the economy, quant CEO says

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Markets expected the rate cut, but the ‘real surprise’ is the Fed’s opinion on the current state of the economy, quant CEO says

fortune.com/2025/09/17/markets-fed-rate-cut-economic-outlook

Stock markets spiked and then immediately reversed course after the Federal Reserve lowered the federal funds rate by a quarter percentage point to 4% from 4.25% on Wednesday in a move that had been telegraphed for weeks leading up to the meeting. Newly sworn in Federal Reserve Governor…

This story appeared on fortune.com, 2025-09-17 20:33:47.