Want to create an interactive transcript for this episode?
Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Will rate cuts bring Wall Street stocks to new highs?
Description: The rally over on Wall Street has been mainly driven by changing rate expectations. Stocks have reached an all-time high, supported by strong gains from large tech companies. Some say markets will continue to be choppy going forward, but they remain optimistic that it will be a continuous uptrend for markets in the coming months. That’s as investors bet that falling inflation would allow the Fed to start cutting rates. So with the interest rate decision expected tonight, what can we expect? When can we finally see rate cuts coming in? On Money in the Market, Hongbin Jeong sp...