Cut and run: How US stocks react in Fed easing cycles

The Federal Reserve is expected to lower interest rates when it issues its policy statement on Wednesday at the close of a two-day meeting.

NEW YORK: Not all U.S. rate-cutting cycles are created equal, at least when it comes to how the stock market reacts.

The Federal Reserve is expected to lower interest rates when it issues its policy statement on Wednesday at the close of a two-day meeting. It would be the central bank's second reduction this year, on the heels of a 25 basis point cut at the July policy meeting, the first rate cut since 2008.