The Federal Reserve lowers interest rates as expected, and the Dow is set to create the longest losing streak in 50 years

CoinVoice has learned that the Federal Reserve has lowered interest rates by 25 basis points as expected, suggesting a slowdown in the pace of rate cuts. The U.S. stock market fell, erasing earlier gains.

The Dow Jones Index is expected to decline for the 10th consecutive trading day, which would mark the longest streak of daily declines since October 1974, when it fell for 11 consecutive trading days. All 11 major sectors of the S&P 500 are down, with real estate leading the decline.

Higher interest rates are generally seen as a drag on the stock market, increasing the appeal of lower-risk assets while suppressing companies' ability to increase earnings. (Jinshi) [Original link]