Wall Street climbed to fresh record highs after the Federal Reserve delivered its first interest rate cut in nine months — hinting that more reductions could be on the way.
- VOO ETF has set new all-time highs this week. Check live chart here.
On Thursday, the S&P 500, Nasdaq 100, Dow Jones and small-cap Russell 2000 all closed at all-time highs as investors celebrated the Fed’s move.
Fed Rate Cuts
At its September meeting, the central bank lowered rates by 25 basis points to a target range of 4%–4.25%, in line with expectations, as policymakers shifted their focus toward a cooling labor market.
The decision wasn’t unanimous: Fed Gov. Stephen Miran — appointed by President Donald Trump to replace Adriana Kugler, who resigned last month — argued for …