Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

At the close, the broad S&P 500 index stood at minus 0.1 percent, Nasdaq's technology-heavy composite index lost 0.3 percent, while the Dow Jones industrial index was up 0.6 percent.

The US central bank, the Federal Reserve, announced in the evening that the key interest rate is being cut by 0.25 percentage points, which was in line with expectations.

At the same time, dampening signals came about future interest rate cuts. There may be two more this year and in 2026, only one cut in the key interest rate is expected, writes the news agency AP.

In its decision, the Fed points out that job growth in the US has slowed down and that unemployment has increased somewhat. At the same time, inflation has risen and is slightly elevated.