Energy Markets
Possibility of steeper Fed cuts increases stocks, drives record gold prices
U.S. stocks advanced on Friday and gold continued to strike record highs as financiers wanted to whether the Federal Reserve might move more strongly to cut rates at its policy meeting next week. Futures tied to the Fed's policy rate now reflect about a. 43% opportunity the Fed will cut its policy rate by half a percentage. point, climbing up from 28% odds on Tuesday following media reports. recommending it could be a close call in between a half-point and a. quarter-point rate cut. The growing anticipation of steeper cuts assisted boost. stocks, gold and Treasury rates, and drive down...