S&P 500, Gold Strike All-Time Highs After Fed Cuts Rates For First Time In 4 Years, Stocks Climb
S&P 500, Gold Strike All-Time Highs After Fed Cuts Rates For First Time In 4 Years, Stocks Climb
The Markets are bouncing Wednesday afternoon following the Federal Reserve's decision to cut rates by 0.5%, marking the beginning of the central bank's highly anticipated cutting cycle.
聯邦儲備決定減息0.5%，標誌着中央銀行備受期待的減息週期的開始，這使得市場在週三下午反彈。
What To Know: Wednesday's 0.5% rate cut brings the target fed funds rate to a new range between 4.75% and 5%, down from a 23-year high of 5.25% to 5.5%. It's also the first rate cut since March 2020.
要了解的內容：週三的0.5%減息將目標聯邦基金利率降至一個新區間，介於4.75%至5%之間，這是繼2020年3月以來的首次減息。
The fed funds rate has been sitting at a range between 5.25% and 5.5% since the central bank last hiked in July 2023.
自2023年7月以來，聯邦基金利率一直在5.25%至5.5%之間的區間內靜置，這是央行上次加息的時候。
The SPDR S&P 500 (NYSE:SPY), which tracks the S&P 500 index, was up 0.39% at last check, led higher by a variety of names like Arm Holdings Plc (NASDAQ:ARM), The Trade Desk Inc (NASDAQ:TTD) Toyota Motor Corp (NYSE:TM), General Motors Co (NYSE:GM) and Marriott International (NASDAQ:MAR).
紐交所標普500指數etf(美證交所: SPY)在最後一次查詢時上漲0.39%，受到阿姆控股有限公司(納斯達克：ARM)，The Trade Desk Inc (納斯達克：TTD)，豐田汽車集團(紐交所：TM)，通用汽車公司(紐交所：GM)和萬豪國際(納斯達克：MAR)等多個公司股票的帶動。
The materials sector, as tracked by the Materials Select Sector SPDR Fund (NYSE:XLB), was showing the most strength at the time of writing, climbing approximately 0.6% following the Fed decision. The energy sector, tracked by the Energy Select Sector SPDR Fund (NYSE:XLE), was the weakest, down 0.3% following the rate cut. Energy stocks had performed well on Wednesday ahead of the Fed decision, which may explain some of the relative weakness in afternoon trading.
根據材料選擇板塊spdr指數etf (紐交所：XLB)的追蹤，該板塊在寫作時表現最爲強勢，上漲約0.6%，此前在聯邦儲備決定之前，能源板塊,由能源選擇板塊spdr基金 (紐交所：XLE)追蹤，減息之後有0.3%的下跌。能源股在週三聯邦儲備決策之前表現良好，這可能解釋了下午交易的相對弱勢。
Here's a look at how various ETFs tracking the price-weighted Dow Jones Industrial Average, tech stocks, small caps, treasuries and gold are faring following the Fed's latest move.
以下是追蹤價格加權道瓊斯工業平均指數、科技股、小盤股、國債和黃金的各種etf在聯邦最新舉動後的表現。
- SPDR Dow Jones Industrial Average ETF (NYSE:DIA): up 0.38% at $418.87.
- 紐交所道瓊斯工業平均指數etf (紐交所：DIA)：報418.87美元，上漲0.38%。
- Invesco QQQ Trust (NASDAQ:QQQ): up 0.64% at $476.53.
- 納指100etf-invesco qqq trust (納斯達克：QQQ)：報476.53美元，上漲0.64%。
- IShares Russell 2000 ETF (NYSE:IWM): up 1.62% at $222.90.
- ishares羅素2000指數etf (紐交所：IWM)：上漲1.62%，報222.90美元。
- IShares 20+ Year Treasury Bond ETF (NASDAQ:TLT): down 0.39% at $100.45.
- ishares 20+年期國債etf (納斯達克：TLT)：下跌0.39%，報100.45美元。
- SPDR Gold Trust (NYSE:GLD): up 1.01% at $239.75.
- spdr金etf (紐交所：GLD)：上漲1.01%，報239.75美元。
It's also worth noting that crypto markets are volatile following the Fed decision on rates. Bitcoin (CRYPTO: BTC) was down 0.86% over a 24-hour period, trading at $60,480, but well off its lows for the day, and Ethereum (CRYPTO: ETH) was down 1.79% at $2,322.
值得注意的是，聯邦儲備決策公佈後，加密貨幣市場出現了波動。比特幣 (CRYPTO: BTC) 在24小時內下跌0.86%，交易價爲60,480美元，但遠高於當日的最低水平；以太幣 (CRYPTO: ETH) 下跌1.79%，報2,322美元。
The increased volatility is likely a result of uncertainty heading into the meeting. According to CME's FedWatch tool, the market was projecting a 61% chance of a larger 0.5% rate cut heading into the meeting versus a 39% chance of a smaller 0.25% cut.
增加的波動性可能是會議前的不確定性導致的。根據CME的FedWatch工具，市場預計在會議前有61%的機會出現更大規模的0.5%減息，而只有39%的機會出現較小規模的0.25%減息。
As reported by Benzinga, the updated quarterly Dot Plot, which helps signal the Fed's future policy intentions, indicates a more aggressive path for rate cuts than previously projected following Wednesday's 0.5% cut. The median projection now calls for a total of 1% in rate cuts in 2024.
據Benzinga報道，更新後的季度點圖顯示，聯邦儲備對未來政策意圖更加積極，預計2024年將減息總額提高到1%。
SPY Price Action: At the time of publication, the SPDR S&P 500 was up 0.39%, trading at $565.30, according to Benzinga Pro.
SPY 價格走勢：根據Benzinga Pro的數據，截至發稿時，SPDR標普500指數etf上漲0.39%，報565.30美元。
- 10 ETFs Investors Secretly Bought Before The Fed's Make-Or-Break Interest Rate Call
- 投資者在央行的決定性利率看漲之前祕密購買的10個ETFs
Watch Fed Chair Jerome Powell's press conference here:
點擊這裏觀看聯儲局主席傑羅姆·鮑威爾的新聞發佈會：
This illustration was generated using artificial intelligence via Midjourney.
此插圖是通過Midjourney使用人工智能生成的。
譯文內容由第三人軟體翻譯。