Investors are parsing through data and Fed commentary to determine future rate cuts.
On Tuesday, Fed Governor Michelle Bowman explained why she dissented against a deep cut in September.
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Both indexes closed at all-time highs on Monday amid rising outlooks that the Federal Reserve will deliver another half-point interest rate cut in November.
To better understand where monetary policy may be headed after the Fed's first rate cut in four years, investors are tuning into Fed commentary and parsing through incoming data.
Persons:
Michelle Bowman, —, dovish, Michelle Bowman's, Bowman
Organizations:
Service, Dow Jones Industrial, Federal Reserve, Fed, Richmond, Here's
Locations:
Kentucky