Finance

The stock market is poised to set a new record if the Federal Reserve delivers

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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019.

Sarah Silbiger | Reuters

The Federal Reserve is expected to cut interest rates by a quarter point on Wednesday, but what it says about its future plans will determine whether stocks continue their run at record highs.

Tensions around this month’s rates meeting decision are high. Fed Chairman Jerome Powell faces dissent from within the Fed board from some members who don’t believe the economy is weak enough to warrant cutting rates. Two members opposed the last rate cut, and even more could oppose this one.

The Fed is also…



Source cnbc.com

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