The final rate-setting meeting before the November election is likely to bring the first cut since March 2020, a move likely to prove popular for everyday Americans.

The 2-year yield was little changed at 3.59% soon after the Fed's announcement, while 10- and 30-year Treasury yields continued to trade higher on the day, according to FactSet data. Gold futures rose in electronic trade Wednesday after the Federal Reserve cut its key rate by 50 basis points,

Wall Street followed global markets higher in anticipation of what most expect will be the first interest rate cut by the Federal Reserve in more than four years. Futures for

Global shares were mixed Wednesday as investors awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years. France's CAC 40 lost 0.2% in early trading to 7,474.

U.S. stocks finished mostly higher on Tuesday as investors geared up for the Federal Reserve’s first interest-rate cut since 2020. The S&P 500 was up 1.49 points, ending flat at around 5,634.58. It briefly touched its previous all-time closing high of 5,