Wall Street Expects Half-Point Fed Rate Cut

The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point. Stocks and Bonds, Standard & Poor’s 500-Stock Index, Nasdaq Composite Index, Interest Rates, United States Economy, Russell 2,000 Stock Index, Federal Reserve System The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point. NYT > Business

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