Stock market today: Indexes trade mixed as investors look forward to major Fed decision
The Fed is expected to deliver its first rate cut since 2020 this week.
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- US stocks were mixed on Monday ahead of the Fed's expected rate cut later in the week.
- Fed fund futures show markets see odds of a 50 basis point cut as more likely than a 25 basis point move.
- Treasury yields edged lower, with the 10-year bond dipping to 3.64%.
US stocks were mixed on Monday ahead of a major Federal Reserve meeting that's expected to deliver the first interest rate cut in four years.
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