December Fed Rate Cut Still Likely, Despite Powell Pushback; S&P 500 Wavers

BREAKING: Caterpillar Jumps As AI Data Center Boom Fuels GrowthA Federal Reserve rate cut is in the bag for today's meeting, which wraps up with a 2 p.m. ET policy statement and a 2:30 p.m. news conference from Chair Jerome Powell. Wall Street also sees a good chance the Powell will signal an end to balance-sheet tightening. That should be enough to keep the S&P 500 rally going for a fifth straight session and a fourth consecutive record closing high.Monetary policy is a tailwind for markets as economic unc ...