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After Fed Rate Cut, Get Ready For Pivot As S&P 500 Hits Record

From investors.com

With one last Fed rate cut expected Wednesday afternoon, the Fed's midcourse adjustment will be done. If there were any doubt, Monday's record high for the S&P 500, with the Dow Jones and Nasdaq a whisker away, provided an exclamation point. Here are five numbers that explain why Fed chief Jerome Powell and his fellow policymakers are likely ready to turn the page and declare with some confidence that its midcourse adjustment has run its course. 0: How Many Fed Policymakers Envisioned Further Rate Cuts At the Sept. 18-19 meeting, the Fed lowered the target of its benchmark rate to a range of 1.75%-2%. Quarterly Fed ... (full story)

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  • Category: Fundamental Analysis