Market Updates
Closing: Fed Rate Cut Meets Expectations, US Stocks Close Mixed September 17 Top 20 US Stock Trading Volume: Alibaba Stock Reaches 4-Year High Wednesday's Popular Chinese ADRs Rally Broadly, Baidu Rises 11.34%, NIO Gains 6.13% Oil Prices Edge Lower as Investors Assess Russian Supply Risks Gold Falls Over 0.8% on Fed Rate Cut Day European Markets Hold Steady, Focus on Fed Rate Decision Fed Cuts Rates 25bp as Expected, Powell Maintains Inflation Remains Relatively Elevated
Macro News
Fed Resumes Rate Cuts After Nine-Month Pause, Powell Emphasizes Employment Downside Risks, New Governor Michelle Bowman Advocates 50bp Cut Trump-Appointed Fed Governor Advocates 50bp Rate Cut, Becomes Sole Dissenter Full Text of Federal Open Market Committee September 17 Meeting Statement Trump: US-UK Relations Like "Two Notes in One Chord" Trump Policies Draw Republican Opposition, Johnson Delays Tariff Vote Until Next Year SEC Issues Pro-IPO Ruling: Companies Can Avoid Class Action Lawsuits Fed's Cook-Style Scenario Unfolds, Treasury Secretary Bessent Also Allegedly Claimed Dual "Primary Residences" Argentine Peso Breaks Trading Band, Challenges Milei's FX Strategy Argentine Central Bank Denies Peso Breaking Trading Band Upper Limit, Cites Technical Factors Saudi Arabia and Pakistan Sign Joint Defense Agreement
Corporate News
Amazon Launches AI Agents to Help Sellers Complete Tedious Tasks Bank of America to Hire Thousands More and Raise Minimum Wage BofA CEO Says No Plans to Leave in Near Term, Currently Developing Leadership Talent Deutsche Bank Forecasts Gold at $4,000 Next Year, Boosted by Fed Rate Cuts Google Revamps "Discover" Page, Adds Creator Content Display Feature Ticketing Platform StubHub Lists on NYSE with $9.3 Billion Valuation Macquarie Holds Talks on Carlyle Group Acquisition Insight Partners Says Personal Data of Thousands of Employees and Partners Stolen
Commentary
Royal Reception and Public Protests Intertwine as Trump's State Visit to UK Begins Trump's Second Son Discusses Fed Rate Cut Implications for Cryptocurrency How Fed Dot Plot Signals Direction: Your Reading Guide Fed's Policy Reaction Function Appears to Have Shifted Dovish Full Comparison of Changes in Fed September Meeting Statement Fed Forecasts Only One Rate Cut in 2026, Outlook More Conservative Than Expected Fed Cuts Rates 25bp, Expects Two More Cuts This Year FOMC's Median Long-term Fed Funds Rate Forecast at 3.000% US Treasuries Rise After Fed's 25bp Cut, Market Expects Additional 50bp Cut This Year Commodities Roundup: Oil Ends Three-Day Rally, Dollar Rebound Drags Gold Lower, London Copper Falls NY FX: Dollar Rises Slightly After Fed Decision and Powell Comments DoubleLine's Gundlach: Fed's 25bp Cut Was Right Move Statement: Argentine Central Bank Sells $53 Million to Intervene in FX Market As US Jobs Disappear, Fed Resumes Rate Cuts US Bonds: Fed Cuts as Expected, Powell's Post-Meeting Comments Drag Bonds Lower Crude: Inventory Data and Fed Decision End Oil's Three-Day Rally European Bonds: German Yield Curve Flattens, Long Bonds Lead Gains