The Federal Reserve cut interest rates on Wednesday for the first time since March 2020, lowering the Fed funds rate by 50 basis points. The decision to go with a larger 50 basis point rate cut, instead of the more common 25 basis point option,

U.S. equity futures edged higher Wednesday, while moves in the dollar and the Treasury bond market reflected indecision amongst global investors as to how the Federal Reserve is likely to execute its first rate cut in more than four years later today.