Nasdaq, Dow Jones slip after Fed slashes rates for first time since 2020
The Federal Reserve has slashed interest rates by 50 basis points to the range of 4.75% to 5%
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The Federal Reserve has slashed interest rates by 50 basis points to the range of 4.75% to 5%
FTSE 100 down 55 points
There is now an almost two-thirds probability that the Fed will cut rates by 50 basis points, according to the CME FedWatch tool
Blue chips up 35 points
FTSE 100 33 points lower
FTSE 100 falls by 70 points