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S&P 500 Nears Record High as Fed Cuts Interest Rates by 25 Basis Points

The U.S. Federal Reserve’s latest rate reduction drives the benchmark index closer to a historic peak, extending recent market gains.

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Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for setting monetary policy, including interest rates.
  • Basis Point: A unit of measure equal to one hundredth of a percentage point, commonly used to describe changes in interest rates.
  • S&P 500: A stock market index tracking the performance of 500 large companies listed on U.S. exchanges.