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The S&P 500 index narrowly missed a fresh record close Wednesday and the Dow Jones Industrial Average finished with strong gains after the Federal Reserve's decision to deliver a final quarter-point rate cut for 2025, which gave investors optimism that equities can keep climbing through year-end.
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The central bank's decision to lower interest rates for a third straight meeting was highly contentious, reflecting an internal divide that will likely limit how much borrowing costs will fall next year.
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Investors were bracing for the Federal Reserve's final interest-rate decision of 2025 on Wednesday, with history showing that the S&P 500 index has tended to see a modest gain on Fed days in December.
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Dow gains 200 points as investors hope for Fed rate cut and more easing ahead: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq wobble with Fed rate decision on deck Yahoo FinanceFed Meeting Today: Dow, S&P 500 Steady Ahead of Likely Interest-Rate Cut — Live Updates The Wall Street JournalWall Street is quiet as it waits for the Federal Reserve's announcement in the afternoon AP News
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See how the central bank's interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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The Fed is expected to lower its benchmark interest rate by a quarter percentage point — but with inflation stubbornly high and mixed signals from the job market, it could be a split decision.
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