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Stocks plunge after Fed cuts rates for first time since 2008—here’s what experts are saying

From cnbc.com

{video} It’s a Fed frenzy on Wall Street. Stocks plunged after the Federal Reserve decided to slash its benchmark interest rate by a quarter point, a highly anticipated decision seen by many as an “insurance cut” to hedge against hawkish U.S. trade policy and slowing global growth. Some market watchers say it’s a turning point, one that could alter the layout of U.S. and global markets moving forward. Here’s what six experts had to say as Fed Chairman Jerome Powell’s press conference got underway: Josh Brown, CEO of Ritholtz Wealth Management, told investors to “relax,” referencing a moment over two decades ago that ... (full story)

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  • Category: Fundamental Analysis