The main U.S. equity indexes gapped up with authority at Monday's opening bell and sustained 1%-plus gains through the close. This marked a reversal from recent weakness as renewed hope for a rate cut sooner rather than later offset fear of what a softening labor market means for the broader economy.
The question for the September 16-17 Federal Open Market Committee meeting is now not so much if the central bank will make a move but how big the next Fed rate cut will be.
