Wall Street books record peak on rate-cut optimism
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Wall Street bulls charge ahead as all major indexes hit record highs following the U.S. Federal Reserve's reassurance on potential rate cuts, with chip stocks rallying after Micron Technology's upbeat forecast. According to a survey of policymakers, the median still anticipates three interest rate cuts in 2024, with the possibility of the first cut by June.
Wall Street books record peak on rate-cut optimism
Wall Street books record peak on rate-cut…
Wall Street books record peak on rate-cut optimism
Wall Street bulls charge ahead as all major indexes hit record highs following the U.S. Federal Reserve's reassurance on potential rate cuts, with chip stocks rallying after Micron Technology's upbeat forecast. According to a survey of policymakers, the median still anticipates three interest rate cuts in 2024, with the possibility of the first cut by June.