Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The latest batch of quarterly forecasts from the Federal Reserve showed policy makers have had a change of heart since June about the pace of interest rate cuts in 2024. The latest iteration of the Fed's "dot plot" penciled in two more quarter-point cuts before the end of the year,
In July, the bull market expanded beyond large-cap companies and technology issues to include small-cap stocks.
13hon MSN
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