FOMC Cuts Rstes

9/18/24 Board of Governors of Federal Reserve System.  After a pile of explanation of their duty to keep unemployment and inflation both low, and sewing signs of a soft landing they will "lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent..." from looking at market indices, it appears that big money also priced in this reduction. 

No matter.  They seem to be doing their job, managing the disaster caused by a lack of adults running the government overall.

The markets are responding with vigor today