Stock Market Rises as FED Signals More Rate Cuts Ahead
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The Federal Open Market Committee's latest minutes reveal a divided Federal Reserve, with policymakers debating the pace and extent of future rate cuts. While most members agreed further easing could bolster the economy, some cautioned against moving too quickly, citing stubborn inflation. The majority, however, leaned toward additional cuts in 2025, aiming to balance inflation risks with growing labor market concerns.
Wall Street responded positively to the FED's dovish shift, with the S&P 500 climbing 0.6%, the Nasdaq jumping nearly 1%, and the Dow edging higher by 0.2%. Technology stocks led the rally as lower rates tend to lift equity valuations, though some analysts warned of stretched valuations and fading AI hype.
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