Wall Street ‘Nirvana’ Nears as Fed Fuels 2021-Style Risk Rally

(Bloomberg) — The Federal Reserve poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy — with fear in retreat and greed unleashed. Most Read from Bloomberg An interest-rate cut meant to cushion the weakening labor market might once have sparked caution. Instead, it lit a fire under the risk complex, with the likes of junk bonds and shares of unprofitable tech firms advancing. Global equities hit record highs, while credit sp ...