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ChainCatcher news, according to Golden Ten Data, Federal Reserve Chairman Jerome Powell stated that Wednesday's rate cut was a risk management decision, and there is no need to adjust rates quickly. As a result, market expectations for a significant rate cut have been dispelled. U.S. Treasury bonds subsequently declined, and Treasury yields rose. Gennadiy Goldberg, Head of U.S. Rates Strategy at TD Securities, pointed out that Powell was reluctant to express an overly dovish stance, which affected the movement of interest rates.

Jinse Finance reported that after a record-breaking rally in U.S. stocks, small-cap stocks have finally joined the surge, ending their slump that began at the onset of the pandemic. Following the Federal Reserve's rate cut, the Russell 2000 Index rose by 2.1% to 2,453.36 points, surpassing its previous record closing high set in November 2021 for the first time. The index later pared some of its gains but is still on track to end its longest streak without a record high since the dot-com bubble era. Doug Beath, Global Equity Strategist at Wells Fargo Investment Institute, stated that this rally in small-cap stocks coincides with "a surge in risk appetite, alongside market expectations that the Federal Reserve may cut rates three times this year."