The stock market reached records again this week, propelled by the Federal Reserve’s decision to cut interest rates for the first time since last December. The S & P 500 and Nasdaq hit a number of all-time closing highs this week, one as recently as Friday, after the Fed announced a quarter-point reduction to the overnight lending rate Wednesday afternoon. Central bankers signaled there could be two more cuts in 2025. This Fed’s decision puts the benchmark funds rate in a range between 4% to 4.25%. While stocks were initially up and down on Wednesday’s news, investors ultimately celebrated the highly anticipated decision in the sessions to come. The S & P 500 and tech-heavy Nasdaq gained roughly 1.2% and 2.2%, respectively, this week….
