Fed Governor Michelle Bowman was the lone dissenter on the central bank's move to cut rates by 50 basis points. Horacio Villalobos/Getty ImagesStock indexes continued to rise after Monday's record close.Investors are parsing through data and Fed commentary to determine future rate cuts.On Tuesday, Fed Governor Michelle Bowman explained why she dissented against a deep cut in September.Stocks on Tuesday extended a winning streak that has pushed the Dow Jones Industrial Average and the S&P 500 to fresh records.Both indexes closed at all-time highs on Monday amid rising outlooks that the Federal Reserve will deliver another half-point interest rate cut in November.
Comment on Stock market today: Indexes add to records as traders parse more economic data and Fed comments
fdemott@insider.com (Filip De Mott), Business Insider
Tue, 09/24/2024 - 6:47am
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