💨 Abstract

The Federal Reserve left its key interest rate unchanged, but hinted at a potential 0.5% reduction by the end of the year. This boosted U.S. stocks, with tech-related megacaps driving the Nasdaq up 1.4%. Gold prices touched a record high, while U.S. Treasury yields eased. The Fed downgraded its economic outlook due to inflation expectations from President Trump's tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖