Stocks moved to new all-time highs after the Federal Reserve cut interest rates as expected. Investors now expect two more cuts before the end of the year, which contributed to the risk-on sentiment. Technology stocks were some of the biggest winners, but it may be time to watch for a rotation into previously dormant sectors, such as consumer staples stocks.
Next Friday, investors will get the latest read on inflation with the August reading of the Personal Consumption Expenditures (PCE) index. This is the Federal Reserve’s preferred inflation indicator, and investors expect a number that will be in line with expectations around 3%.
Expectations for lower rates have made this a strong September. But the question isn’t how the month started, but how it ends. With earnings season winding down, the market won’t have many catalysts, which could still spell trouble for October. You can count on the MarketBeat team to stay on top of the stocks and stories affecting your investments. Here are some of our most popular stories from this week.
