2024-03-25 12:30:00 ET
Summary
- S&P 500 index reaches all-time high after Federal Reserve confirms interest rate cuts in 2024. That confirmation was like lighting off a rocket on Wall Street.
- The index rose nearly 0.9% after the Fed's "dot-plot" projection of future interest rates was released on Wednesday afternoon, closing at an all-time record high.
- With the Fed's first rate cut expected in June 2024, investors have locked their forward-looking focus on the current quarter of 2024-Q2 in setting current-day stock prices.
For S&P 500 (Index:[[SPX]]) investors there was one, and only one, market-moving headline during the week that was. The Federal Reserve confirmed on Wednesday, 20 March 2024 that interest rate cuts are coming in 2024....
Read the full article on Seeking Alpha
For further details see:
S&P 500 Rockets To New High As Fed Confirms Rate Cuts Are Coming