Fed’s rate cut caution can’t spoil Wall Street party

The US central bank has dialled back expectations of rate cuts this year. The US sharemarket still hit another record overnight as investors bet on a soft landing for the world’s largest economy. The US central bank has dialled back expectations of rate cuts this year. The US sharemarket still hit another record overnight as investors bet on a soft landing for the world’s largest economy. Business / The economy Sydney Morning Herald – Business