Key Points Fed Chair Jerome Powell called the Fed's decision a "risk management cut" in case the economy suddenly slows significantly. The stock market has been banking on interest rate cuts for months now, pushing up the broader S&P 500 index. Interestingly, the Federal Open Market Committee's dot plot left many investors scratching their heads. 10 stocks we like better than S&P 500 Index › As expected, the Federal Open Market Committee (FOMC) lowered the Federal Reserve's benchmark federal fu ...