US Markets Rally: Fed Cuts, No Hike Fears, & Securities Boost

• US markets rallied sharply after the Federal Reserve's third consecutive interest rate cut.
• The rally occurred despite the Fed projecting fewer rate cuts (one in 2026, one in 2027) than market expectations.
• Fed Chair Powell pleased markets by ruling out a rate hike, stating it's "nobody's base case."
• Markets anticipate a more dovish Fed Chair after Powell's term ends in 2026, potentially leading to more rate cuts.
• The Fed's announcement to purchase $40 billion in short-term securities, higher and earlier than expected, also boosted market sentiment.

Why It Matters: Future dovish Fed and no rate hikes fueled market optimism.