Business

The Debate on Wall Street: Did the Fed Pivot Too Soon on Rates?

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The big questions swirling around the market rally The S&P 500 is closing in on a record after the Fed signaled it would be cutting interest rates next year. Investors are betting that the U.S. economy will pull off the rosiest of outcomes: a soft-landing and cheaper borrowing costs. But some Wall Street veterans are …

Business

Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate

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Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility of further policy changes alive for fear that inflation would prove stubborn. Several Fed officials — including two who often push for higher interest rates — hinted on Tuesday that …