Jumbo Fed Cut boosts Aussie shares | Jessica Amir on Yahoo finance

In an article on Yahoo Finance titled "Jumbo Fed Cut Boosts Aussie Shares," moomoo market analyst Jessica Amir was quoted regarding the Australian stock market's record highs on Thursday.

This surge was attributed to investors celebrating the Federal Reserve's "significant" interest rate cuts, unaffected by the unexpected rise in local employment data. Of the 11 industry sectors, six closed higher, with the materials sector seeing the largest gain of 2.31%.

Jessica Amir commented, “(The cut) will echo through global markets, as will the Fed’s slower economic growth and higher unemployment estimates.” She added, “investors will weigh up how much the Fed's further (roughly) 2 per cent of rate cuts coming down the line could support global markets and asset prices."

“There's a lot to assess over the coming weeks and months.”

Click the link to read the full article:‘Jumbo’ Fed cut boosts Aussie shares