Wall Street closes at fresh record high as Fed signals rate cuts

11 months ago 29

Federal Reserve indicated borrowing costs would be lower next year as inflation falls faster than expectedWall Street scaled a fresh all-time high on Thursday after the Federal Reserve signaled that it would cut borrowing costs next year.The Dow Jones...

Federal Reserve indicated borrowing costs would be lower next year as inflation falls faster than expected

Wall Street scaled a fresh all-time high on Thursday after the Federal Reserve signaled that it would cut borrowing costs next year.

The Dow Jones Industrial Average closed at a record level for the second consecutive session as investors looked to the end of the Fed’s aggressive campaign against inflation.

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