The Fed cut lowered its policy rate to a target range between 1.50% and 1.75%, but dropped a previous reference in its statement to “act as appropriate” to support the economic expansion, which could signal the Fed may hold off on future rate cuts. Hopes of a rate cut and recent optimism around the trade talks had helped lift the benchmark S&P 500 to record intraday highs in the previous two sessions. The Dow Jones Industrial Average rose 12.73 points, or 0.05%, to 27,084.15, the S&P 500 lost 1.23 points, or 0.04%, to 3,035.66 and the Nasdaq Composite …read more
Source:: Yahoo Finance
