Traders got their big-rate-cut wish and markets still couldn’t rally

Wall Street got the rate cut it wanted, but markets didn’t rally. The Federal Reserve cut its key lending rate by half a percentage point, surprising many. Some say the Fed was too aggressive and focused too much on past data. Others believe the larger cut was unnecessary, as recent economic data doesn’t show a slowdown. Despite initial excitement, stocks struggled after the decision. The Fed’s move suggests concerns about slowing growth and a weakening job market. Critics say the Fed may have acted prematurely, but hope the cut will support risk assets. Overall, there are mixed reactions to the Fed’s decision.