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News in English (USA) / 18.09.2024 / 15:00

Wall Street Awaits Fed Rate Cut Amid Record Highs and Mixed Trading

As the Federal Reserve's highly anticipated interest rate decision approaches, U.S. stock futures have edged slightly higher. Investors are speculating on the potential size of the rate cut, with odds favoring a substantial 50 basis point reduction. The Dow Jones and S&P 500 indices are flirting with record highs, reflecting optimism despite mixed trading patterns across Wall Street. On this 'Fed Day', many traders hope for a favorable monetary policy shift that could further boost market performance. However, concerns linger over the potential impact on technology stocks, which have shown signs of weakness as the market prepares for the Fed's announcement.