@MLana It is more than just strong for the fact that interest rates were cut sharply today. Normally, the share price would have to rise sharply because the market was only expecting a 0.25% cut....
@Dividenden-Sammler Interest rate cut higher than expectedIt was considered a foregone conclusion that the Fed would initiate a turnaround in interest rates. It was unclear how big the interest rate cut would be. Many economists had previously expected a smaller move of a quarter of a percentage point. The cut marks a turning point in interest rate policy, as the Federal Reserve had kept interest rates in the range of 5.25 to 5.50 percent for over a year in the fight against stubbornly high inflation.
