Fed Chair expressed his satisfaction with 50 basis point cut emphasising it was economically and strategically sound

Zelenskiy confirms that comprehensive Victory Plan for lasting peace is ready ahead of talks with Joe Biden

Explosions struck Hezbollah's radios near a funeral, killing 20 and injuring 450 in southern Lebanon

Dollar index was last down 0.53% on the day at 100.37, the lowest since July 2023

S&P 500 oscillates between modest gains and losses prior to the announcement

Policymakers see rate falling by another 50bps by end of year, another 100 bps in 2025, and by 50bps in 2026

Since July 2023, borrowing costs remain high, with interest rates at 5.25% to 5.50% after a 25 basis point hike

Oil fell after two sessions of gains after an industry report showed increasing US crude and fuel inventories

Israeli troops entered the buffer zone in May as they pressed an offensive around Rafah in the south of Gaza

Resolution receives 124 votes in favour while 43 countries abstained as Israel, US and 12 others voted against