Stocks Enter Q4 With Fed, Tax, Earnings, And AI Tailwinds, But Also Lofty Valuations
Image Source: Pixabay Well, the FOMC followed the script and cut the fed funds rate (FFR) by 25 bps (from 4.25-4.50% range down to 4.00-4.25%) in an 18-1 vote. It was the first rate cut since December of last year—even though the rate needs to be 100 bps …