Key Takeaways The Fed cut rates to 4.00-4.25% and signaled two more cuts in 2025, lifting growth forecasts.Banks like JPM, BAC, BK, FHN and CFG reached new highs after the Fed's easing shift.Lower rates are set to support NII, non-interest income and asset quality in the near term.On Wednesday, at the end of a two-day FOMC meeting, the Federal Reserve kicked off an easing cycle and cut interest rates by 25 basis points (bps) to 4.00-4.25%, marking the end of a nine-month pause. The weakening labor market fo ...