Literally at the same time Powell was speaking, trade tensions were ramping up.
With uncertainty around what Fed Chair Jerome Powell might say Friday, it's unclear how much dovishness will take the market higher.
The market close will be key Monday.
The bond market is calling the shots for stocks right now.
Why this much-hyped move isn't so special and how to play it to your advantage.
But do think about refinancing your home mortgage.
Let's look at the chances of cuts in September and October, and how to use dollar and yen exchange-traded funds to your advantage.
Markets got hit hard in May when trade talks broke down and the president instituted new tariffs, but things are different now.
While the Fed action was widely expected -- even if the market was hoping for clear signals of future cuts -- here's my read on what this means for markets and how I am thinking about positioning going forward.
The announcement of a rate cut is just a trigger that leads to a series of reverberations, so know how to navigate the volatility afterward.