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This week gained momentum when the Fed cut rates for the first time since December, Intel exploded on a surprise Nvidia deal, and Bitcoin showed resilience, steady amid all the noise.
Fed Cuts, More Cuts Expected
The Federal Reserve reduced its benchmark interest rate by 25 basis points, bringing it to the 4.00–4.25% range. The move reflects growing concern over weakening labor markets. Though inflation remains elevated and sticky, Fed Chair Jerome Powell emphasized that employment strength is weakening enough to lean toward easier policy. Markets are now pricing in likely further rate cuts in October and December.
Intel Surges, Nvidia Leads
Intel stock jumped nearly 25–30% after Nvidia announced a $5 billion investment, as the two companies plan to work together on data-center and PC chip development. The news sparked a tech-led rally. Nvidia also rose, helping lift the S&P 500, Nasdaq, and even small caps. Semis were standout winners while laggards faced pressure.
Bitcoin Holds Its Ground
Bitcoin rose to about $117,000, gaining modestly after the Fed move. Unlike earlier volatile reactions, crypto traders are showing more composure, fewer sharp swings, more steady flows. It’s a sign the market may be stabilizing around expectant policy shifts rather than chasing highs.
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Final Word
Today’s theme: balance between relief and caution. Fed easing gave investors breathing room, Intel’s rebound reminded everyone tech can still shock upward, and Bitcoin’s calm under pressure speaks volumes. Going forward, inflation data, labor market cracks, and corporate earnings will matter more than ever.