Summary
Traders are betting the Fed will keep up its aggressive pace of easing. The central bank signaled another 50 basis points of cuts across its two remaining 2024 meetings.
The S&P 500 (^GSPC) notched its 39th record high of the year. The Dow Jones Industrial Average (^DJI) surged above 42,000.
In the below Opening Bid episode, BNY Mellon (BK) CEO Robin Vince breaks down his outlook for interest rates and what it may mean for your portfolio.
