Reported 16 days ago
Despite earlier skepticism about a substantial rate cut, Wall Street is now optimistic about the Federal Reserve's potential 50 basis point rate cut, driven by cooling inflation and increasing market confidence. Traders are even pricing in an additional 75 basis points cut ahead of the Fed's upcoming meetings in November and December. Experts suggest that the Fed's cut reflects a necessary adjustment rather than an economic downturn, with expectations for a stronger Q4 amid rising stock values.
Source: YAHOO