US equity-index futures advanced following the Federal Reserve’s decision to implement its first interest rate cut of the year. While the rate adjustment was enacted, central bank officials emphasized a meeting-by-meeting approach for subsequent policy decisions, indicating continued assessment of economic conditions. Investors are currently anticipating further rate reductions within the year, which has reportedly sustained interest in technology and artificial intelligence stocks, even as these sectors trade near historical high valuations.
Source: economictimes.indiatimes.com