Market Calm After Fed Rate Cut May Be Short-Lived

According to Odaily, investors initially expected significant market volatility following the Federal Reserve's substantial rate cut, but the market remained unexpectedly calm. However, this tranquility may not last long. Brian Jacobsen, Chief Economist at Annex Wealth Management, noted that the evening's stock market reversal could indicate a potential downturn unless clear directional data emerges. Jacobsen emphasized that the market will be closely watching upcoming data releases, such as Thursday's initial jobless claims. He stated, 'The Federal Reserve is clearly in a catch-up mode, trying to make up for lost time with the recent rate cut.'