Wall Street closed out the highly anticipated Federal Reserve week with stocks notching fresh all-time highs as prospects for more rate cuts bolstered the outlook for corporate earnings.
While calls for a temporary breather have emerged after an almost $15 trillion rally in the S&P 500 from its April lows, bullish sentiment has prevailed. That was after Fed officials resumed monetary policy easing at a time when the economy is still growing, sending a constructive signal for risk takers.
Stocks hit record.
Source: Bloomberg
“A Fed easing cycle in a non-recessionary environment has historically helped support stocks, and we see further gains underpinned by ...
