The S&P 500 index SPX is just 50 points away from breaching the previous all-time high.
The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”
Traders had already considered it a certainty that the Fed will announce its first interest rate cut in four years when it meets in mid-September.
SPX next targets: 5680 - 5825.
The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”
Traders had already considered it a certainty that the Fed will announce its first interest rate cut in four years when it meets in mid-September.
SPX next targets: 5680 - 5825.
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