Global Markets Hit Record Highs on Fed Rate Cut Hopes
Global Markets Hit Record Highs on Fed Rate Cut Hopes Global financial markets are currently experiencing a significant upswing, with major US stock benchmarks achieving unprecedented levels this week. This robust rally is primarily fueled by the Federal Reserve’s recent initial step in what is anticipated to be a series of rapid interest rate cuts, signaling a potential shift towards more accommodating monetary policy. Following a dynamic week, the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000…