Wall Street Has Its Eye on a Big Rate Cut

“Investors have set their hopes on a big cut in interest rates, an expectation that gave new life to the stock market’s rally and shows how pivotal the Federal Reserve’s decision on Wednesday will be to sentiment in the financial markets,” the New York Times reports.

“The S&P 500 rose for the seventh straight day on Tuesday, bolstered by economic data and rising expectations that the Fed will cut rates by half of a percentage point, double the typical quarter-point adjustment the central bank typically makes.”

Washington Post: Fed poised to cut rates for the first time since 2020, but by how much?