Fed Easing Resumes
U.S. equities ended higher last week with the S&P 500 and Nasdaq Composite posting their third-straight weekly gains. Investor sentiment was bolstered by the Federal Reserve’s Wednesday decision to cut interest rates by 0.25%, their first rate reduction since last December. The central bank also lifted their 2025 and 2026 growth forecasts and signaled two additional rate cuts by year-end.
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