The stock market hit record high after record high over the past month as Wall Street anticipated a Federal Reserve interest rate cut that finally came. Investors got answers Wednesday afternoon, a day before our September Monthly Meeting, which will be livestreamed at noon ET . The Fed announced a quarter percentage point reduction — the first since Dec. 2024. After an initial pop, the S & P 500 and Nasdaq finished down slightly as Fed Chairman Jerome Powell hinted that Wednesday's cut doesn't guarantee th ...