US Fed's 'Double Christmas Gift': Rate Cut & QE Boost Markets, Asia Mixed

• US Fed cut interest rates by 0.25% for the third time this year and announced $40 billion monthly Treasury bill purchases to boost liquidity.
• US markets reacted positively; Dow Jones surged by nearly 500 points, while Nasdaq and S&P also saw gains.
• The Fed hinted at a slower pace for future rate cuts, but investors found optimism in comments regarding labor market risks.
• Asian markets showed mixed performance, with Gift Nifty up but other indices like Nikkei and Shanghai Composite seeing declines.
• FIIs sold ₹1651 crore in shares, while DIIs bought over ₹3752 crore on December 10.

Why It Matters: US Fed rate cut and QE restart are shaping global market movements.