Reported about 3 hours ago
The Federal Reserve is expected to announce an interest rate cut, with a 94% likelihood of a 25 basis point reduction, which could significantly impact the stock market. Traders anticipate a 0.6% move in the S&P 500 following the decision, and a potential jump of 1% if a larger 50 basis point cut occurs. Wall Street is buoyed by the prospect of lower borrowing costs and strong corporate earnings as it prepares for the Fed's economic projections and potential dissent among committee members.
Source: YAHOO