US Stocks Rally, Dollar Dips After Fed's Dovish Rate Cut

• US stocks rose and the dollar retreated after the Federal Reserve cut interest rates.
• The Fed's tone was less hawkish than anticipated, focusing on the vulnerable US labor market.
• Fed Chair Powell's comments suggested potential for further rate cuts in 2026.
• The Federal Reserve cut interest rates by a quarter percentage point to 3.50-3.75 percent.
• Silver prices reached a record high of $61.9507 an ounce due to high demand and supply constraints.

Why It Matters: Fed's less hawkish tone boosts markets, signaling potential future rate cuts.