Published on 7 Nov 2024 on Benzinga
Nasdaq 100 Extends Record Levels Ahead Of Fed Meeting, Tesla Hits 26-Month...
After Wednesday’s “everything rally” spurred by the election results, investors took a less euphoric approach on Thursday ahead of the Federal Open Market Committee (FOMC) meeting.
The Fed is widely expected to cut interest rates by 25 basis points, bringing them to a range of 4.5%-4.75%, following a previous 50-basis-point cut in September.