Stocks Rally a Day After Fed’s Big Interest Rate Cut

Stocks Rally a Day After Fed’s Big Interest Rate Cut

The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday’s gain put the index in range of a closing record.
Has the Fed Pulled Off the Elusive Soft Landing?

Has the Fed Pulled Off the Elusive Soft Landing?

Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.