Futures finish 1.2% higher
The rally that started in the final 15 minutes of trading continued into the after-hours and futures are up 1.2% on the day. That's nearly +5% from the intraday low.
There is some chatter about an emergency Fed rate cut after the statement from Powell but it's tough to say if it's that, position squaring, month-end rebalancing or dip buying.
The FX market didn't make any big moves late, although USD/JPY finished 30 pips from the lows.
