Analysis: Tom Piotrowski breaks down new US Federal Reserve announcement

CommSec’s Tom Piotrowski examines the new US Federal Reserve announcement and the overnight shift in the markets since Trump’s monumental election win. Mr Piotrowski’s analysis comes after the central bank announced a rate cut of 0.25 per cent. “This is important because it was an expected outcome,” Mr Piotrowski told Sky News Australia. Mr Piotrowski continued, analysing the change in the market’s trajectory overnight. “We continue to see US equity markets hit new record highs adding to the muscular improvements we saw a day earlier,” he said. Presented by CommSec.