Fed Rate Cut Sparks Global Market Rally | Business Matters (Sept. 19)

Wall Street indexes marched past previous record highs after global counterparts booked gains and longer-dated Treasury yields rose on Thursday as the start of the Federal Reserve’s first interest rate cutting cycle in more than four years whet investors’ risk appetite. The U.S. central bank turned the page on more than a year in which borrowing costs were kept at their highest for decades to try to temper inflation.