The Federal Reserve cut interest rates as expected and is projected to lower rates by another 50 basis points this year; U.S. stocks and bonds rose.

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The yield on the US 10-year Treasury note plunged from 4.04% to below 4.01%, while gold prices fluctuated sharply between $3696.67 and $3654.44. The S&P 500 index turned higher, and the Dow Jones rose by 380 points. The US dollar index fell by 0.2% to 96.46 points.

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