Reported about 2 months ago
US stocks surged on Wednesday after the Federal Reserve's meeting minutes indicated a strong possibility of a September interest rate cut if inflation continues to ease. The S&P 500 rose by approximately 0.4%, followed closely by the Nasdaq Composite which increased by nearly 0.6%, signaling investor optimism as the market seeks to recover from an earlier sell-off. The Fed's insights, alongside corporate earnings reports from retailers such as Target and Macy's, are shaping expectations for monetary policy and market growth.
Source: YAHOO