The U.S. Federal Reserve’s 0.25% rate cut led to a broad sell-off in financial markets globally, reflecting uncertainty over the Fed’s future monetary policy trajectory and rising inflation projections.

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• Dow fell 1,123.03 points (-2.6%), Nasdaq dropped 716.37 points (-3.6%), S&P 500 slid 178.45 points (-3%).
• Fed reduced interest rates to 4.25–4.50%; inflation forecast revised up to 2.5%.
• Only two rate cuts expected in 2025 instead of four; next Fed meeting in January.
• Fed Chair Powell indicated a cautious approach; decision not unanimous.
• Gold stocks plunged, pulling NYSE Arca Gold Bugs Index down by 4.6%.
• Financial stocks tumbled; KBW Bank Index (-4.3%), NYSE Arca Broker/Dealer Index (-4.2%).
• Dow Jones U.S. Real Estate Index nosedived 4% due to rate-sensitive stocks.
• Mixed performance in Asia: Nikkei fell 0.7%, Shanghai Composite rose 0.6%.
• Modest gains in Europe: CAC 40 (+0.3%), FTSE 100 (+0.1%), DAX closed flat.
• Treasury yields spiked, with the 10-year note yield rising 10.9 bps to 4.49%.