Wall Street Mixed After Fed Rate Cut Adjustment

Wall Street experienced a mixed trading day on Thursday, following a significant downturn on Wednesday triggered by the Federal Reserve's decision to reduce the number of expected interest rate cuts in 2025. The S&P 500 and Nasdaq closed slightly down, while the Dow Jones saw a marginal increase.

This market reaction came after investors initially anticipated a more aggressive approach to rate cuts. Despite the market's volatility, new economic data revealed a stronger-than-expected 3.

1% growth in the US economy during the third quarter, and a decrease in jobless claims. Investors are now awaiting new inflation figures, as the Fed emphasizes the need for progress in the fight against inflation before implementing future rate cuts.