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The Fed has cut rates with the S&P 500 at a record four times before. Here’s what happened next

Pelican Press

By Pelican Press,
in World News

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It’s not often that the Federal Reserve eases monetary policy with the stock market this strong. But when it does, it’s like throwing gasoline on a fire. The Fed is widely expected to lower its overnight rate by a quarter percentage point on Wednesday. That would take place with the S & P 500 at record levels. The benchmark closed at 6,890.89 on Tuesday and briefly traded above 6,900…

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