It was a big day on Wall Street as the long-awaited US Federal Reserve’s September interest rate decision was finally decided. The central bank is expected to cut interest rates for the first time in four years, aiming for a soft landing for the US economy. However, the size of the Fed’s rate cuts remains uncertain, with investors wavering between a 25 basis point or 50 basis point cut.
Meanwhile, markets are reacting to important legal battles. Alphabet Inc.’s Google (GOOG, GOOGL) has won a lawsuit to overturn a $1.66 billion European Union antitrust fine related to the tech giant’s dominance in search. Elon Musk announced Tuesday that SpaceX will sue the Federal Aviation Administration (FAA) for “regulatory overreach.”
Trending tickers on Yahoo Finance include Roku (ROKU), Cassava Sciences (SAVA), and Plug Power (PLUG).
The main guests are:
9 a.m. ET – Bill Adams, Chief Economist, Comerica Bank
9:30 a.m. ET – Keith Lerner, Co-Chief Investment Officer and Chief Market Strategist, Trust
10:30 a.m. ET – Rafe Jadrosich, Bank of America Senior Equity Analyst – U.S. Home Builders and Building Products
10:45am ET – Paul Knopp, KPMG CEO
11am ET – Tony Zipparro, EquitySet CEO
