Overview

• Stephen Miran cast the lone dissent, preferring a 0.50‑point cut after joining the Board the day before the vote.
• The Dow rose 0.57% as the Nasdaq fell 0.33% and the S&P 500 edged down 0.10%, reflecting a largely anticipated move.
• The 10‑year Treasury yield briefly hit its lowest level since April before settling near 4.07% late in the session.
• In Europe, Paris’ CAC 40 slipped 0.40% before the decision and gained 0.86% the next morning as risk appetite improved.
• Nvidia fell after a report that China’s cyberspace regulator barred local firms from buying its chips, semiconductors weakened broadly, Lyft jumped on a Waymo partnership in Nashville, and Valeo advanced after a €500 million green‑bond issue.