Investing.com -- The S&P 500 closed higher Monday, wrapping up the third-quarter with sizeable gains, buoyed by the prospect of further interest rate cuts as Fed officials continue to signal further easing ahead.
ET (2000 GMT), the index was up 0.3%, the was up 17 points, or 0.
04%, the index was 0.4% higher.
Powell says rate cuts aren't on preset courseFederal Reserve chairman Jerome Powell said that the monetary policy isn't on a preset course, though signaled that further rates cuts are likely should the economic continued to progress as expected.
“Looking forward, if the economy evolves broadly as expected, policy will move over time toward a more neutral stance.
But we are not on any preset course,” he told the National Association for Business Economics in prepared remarks...
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