Official announcements from the Federal Reserve

S&P 500 Reaches Record High After Fed's 50 Basis Points Rate Cut

Sep 19, 2024, 09:22 PM

The S&P 500 surged to a record high close following a significant interest rate cut by the Federal Reserve. The Fed's decision to cut rates by 50 basis points has invigorated a market rally, leading to all-time highs in Wall Street. On Thursday, the S&P 500 tapped an all-time intraday high. The Federal Reserve also indicated that more rate cuts could be on the horizon, further boosting investor confidence.