Powell ends QT, signals no more cuts for 2025
The Fed ended its quantitative tightening program sooner than expected and cut rates by 25 bps to 3.75%-4%. Chair Jerome Powell ruled out more cuts this year, sending markets slightly lower. Economists called the move a sign of ample liquidity, while others saw it as a signal of easing conditions. Stocktwits sentiment on SPY stayed neutral, while QQQ turned bearish.