Fed cuts interest rates, U.S. financial marekt and crypto market performance
With the Federal Reserve's September 2024 interest rate meeting to cut interest rates by 50bp resolution passed, mainstream financial marekt feedback is mixed:
1. Bank stocks rose across the board;
2. The two-year US Treasury yield fell by 8 basis points in the short term, and is now reported at 3.598%;
S & P 500 futures rose 0.85%, Nasdaq futures rose 1.3%, and Dow futures rose 0.51%.
4. Spot gold returned to $2,560/ounce, up 0.03% in the day;
5. Crypto market within 12 hours, multiple orders liquidated 39.5553 million dollars, empty orders liquidated 110 million dollars;
6. Mainstream cryptocurrencies in the crypto market are on the rise, with Bitcoin breaking through $62,000 and Ethereum breaking through $2,400.