Fed slashes interest rates by half point

Fed chief Powell says the move will shore up the labor market while it's strong. (0:16) Stocks closed down with traders looking for even more aggressive cuts this year. (1:31) Lionsgate makes an AI movie production deal with Runway. (4:09)Show NotesFederal Reserve sees two more interest-rate cuts by end of 2024, dot plot showsThe 50-bp rate cut is a sign of the Fed's confidence: Powell press conferenceEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.