Citing Bpaynews, U.S. equities surged as traders priced in a higher probability of a Federal Reserve rate cut, with the Nasdaq rising 2.4% and AI-linked semiconductors leading the charge. Stellar’s XLM token jumped 3.53% before late profit-taking. Markets now imply a 77% chance of a 25 basis point cut in December. Sugar prices held near one-month highs amid India’s ethanol policy shifts, while a new software threat, 'Shai-Hulud 2.0,' impacted over 500 npm packages. Global trade uncertainty is rising, with over 600,000 tariff changes expected in 2025.
Market Rally Driven by Fed Easing Bets, XLM Surges 3.5%
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