What drove stock market’s record-breaking week? Don’t overlook growing rate-cut expectations.

5 months ago 7

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Friday’s rally in U.S. stocks, which sent the S&P 500 to an intraday record high, was getting help from solidifying expectations of traders around the likelihood of at least three quarter-point rate cuts from the Federal Reserve by year-end.

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What drove stock market’s record-breaking week? Don’t overlook growing rate-cut expectations.

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