Stock market today: Wall Street inches modestly higher ahead of presumed Fed interest rate cut [Yahoo! Finance Canada]
Tupperware Brands Corporation (TUP)
Last tupperware brands corporation earnings: 10/30 07:00 am
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Source: Yahoo! Finance Canada
Futures for the S&P 500 and the Dow Jones industrials were each up less than 0.1% before the bell. The Fed's announcement comes later Wednesday, with the overwhelming expectation on Wall Street that the U.S. central bank will lower the federal funds rate. The rate has been in a range of 5.25% to 5.50% for more than a year. The Fed began raising rates in early 2022 — 11 times in about 17 months — in a bid to stifle the four-decade high inflation that rooted during the U.S. economy's unexpectedly swift rebound from the COVID-19 recession of 2020. It's unclear just how large the Fed's rate cut will be, but Wall Street traders and some economists foresee a growing likelihood that Fed officials will announce a larger-than-usual half-point cut. Many analysts are predicting a more typical quarter-point rate cut. With inflation barely above their target level, Fed officials have been shifting their focus toward supporting a weakening job market and achieving a rare “soft landing,” wh
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