The Fed delivered a 25 bps cut this week and signaled two more reductions in 2025 and one in 2026, with Chair Jerome Powell describing the move as “risk management” amid labor market weakness.

US stock futures edged higher on Friday after all three major indexes closed at record highs on Thursday, supported by the Federal Reserve’s rate cut. 

The 10-year Treasury yield hovered near 4.11% Friday after rising nearly 10 bps over the past two sessions.

Central bank divergence added to currency market dynamics: the Bank of Canada trimmed rates, while the Bank of England kept policy steady, leaving the dollar index on track to end the week broadly flat.

Check out Friday's market update in the file below!