Overview

• Policymakers lowered the benchmark by 25 basis points, pointing to slower job gains and moderated growth even as inflation remains near 2.6%–3.1% on key gauges.
• The Fed signaled room for additional easing before year‑end, with investors and major banks positioning for a multi‑cut path.
• Governor Stephen I. Miran dissented, favoring a 50‑basis‑point reduction instead of the quarter‑point move adopted by the Committee.
• Equities hit record highs and gold extended a strong run as UBS urged shifting excess cash toward quality bonds and income‑oriented equities, with select AI and tech names in focus.
• Regional effects are in play as strategists see scope for Banxico to ease further and Argentine investors look to Cedears tied to U.S. tech, financials and crypto‑linked plays.