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Busy Week of China Trade, FOMC Send Stocks to Record Highs
Schaeffers Investment Research· 2025-09-19 18:01
The Federal Open Market Committee’s (FOMC) highly anticipated September meeting took over Wall Street this week. On Wednesday, the Fed followed through with an expected 25 basis point cut, putting the Fed funds rate between 4%-4.25%, and projecting two more expected cuts in 2025. Outsized gains from Tesla (TSLA) pushed markets higher early in the week, with the tech-heavy Nasdaq Composite (IXIC) logging a sixth-straight record close on Monday. Momentum remained from Monday to Friday. Brushing off China-U.S. ...