-
Stock indexes continued to rise after Monday’s record close.
-
Investors are parsing through data and Fed commentary to determine future rate cuts.
-
On Tuesday, Fed Governor Michelle Bowman explained why she dissented against a deep cut in September.
Stocks on Tuesday extended a winning streak that has pushed the Dow Jones Industrial Average and the S&P 500 to fresh records.
Both indexes closed at all-time highs on Monday amid rising outlooks that the Federal Reserve will deliver another half-point interest rate cut in November. The odds of another jumbo cut rose as high as 53%, according to the CME’s FedWatch Tool.
To better understand where monetary policy may be headed after the Fed’s first rate cut in four years, investors are tuning into Fed commentary and parsing through incoming data.
While…
