In an aggressive start to its monetary policy easing, the Federal Reserve cut the interest rates by 50 basis points, bringing the fund rates to the 4.75-5% range.This marked the end of an era of aggressive interest rate hikes to tame “persistent” inflation. The central also indicated two more rate cuts this year, which will bring the Fed funds rate down to 4.4% in 2024.Following the announcement, the markets’ reaction was subdued, and all three major indexes ended in red on Wednesday. On the other hand, ind ...