Stocks End Higher After Fed Rate Cut
Wall Street markets rebounded higher on Wednesday afternoon after the Federal Reserve announced a rate cut. This rate cut assuaged some investors' fears about a slowing economy and The Dow Jones industrial average was able to gain more than 130 points as a result. Initially, stocks zigzagged throughout the day because some investors did not have confidence that the Fed would lower rates again. However, investors eventually appeared relieved that the Feds commented on inflation, showing that the Fed was able to focus less on the consumer credit crisis then it has during previous months. Wall Street also appreciated the…
