U.S. stocks, attempting to reach new highs, S&P 500 weekly rise, focus on expected pace of interest rate cuts.

The U.S. stock market is approaching a retest of its all-time high. The closing price of the S&P 500 index on the 13th rose 4% compared to a week ago. It reached a level just 0.7% below the record high set in mid-July. Amidst no major confusion in economic indicators related to prices and employment, concerns about the future of the U.S. economy have subsided. Semiconductor stocks, which experienced a significant decline the previous week, are also rebounding, creating an environment for the S&P 500 to regain momentum. However, the current stock market heavily relies on the expectation that the Federal Reserve Board (FRB) will implement a total interest rate cut of 1% by the end of the year. Approaching on the 17th and 18th.Federal Open Market Committee (FOMCFederal Open Market Committee)If the rate cut width and the expected pace of future rate cuts indicated at the same time are smaller than the expectations of the financial market, there is a possibility that the rise of the S&P 500 may lose momentum.