By: MARK DECAMBRE
Wall Street is assessing a third interest rate cut in as many meetings by the Federal Reserve on Wednesday afternoon.
And although there may be some trepidation about policy makers delivering another dose of monetary easing to a stock market that is at or near records, history shows that the market tends to extend its gains after three successive interest-rate cuts of a quarter percentage point, according to data from LPL Financial (see chart below).