At first blush, the stock market is unimpressed with the Federal Reserve decision. The S&P 500 is trading down 2 points on the day compared to 7 points beforehand.
However it's the smaller cap stocks that a really cheering a dot plot median forecast that shows two more cuts this year compared to one more previously. The Russell 2000 is now up 1.7% on the day.
Russell 2000 10 mins
The jump brings the Russell 2000 to the highest since November 2024 and just a shade below the all-time highs.
daily chart Russell 2000
