An anticipated Federal Reserve rate decrease in September has the potential to further boost the already exuberant U.S. stock market, leading to concerns about a surge driven by momentum and FOMO rather than underlying fundamentals. The QQQ ETF has seen a continuous rise for five consecutive months. According to Ed Yardeni of Yardeni Research, despite this, the economy remains resilient and inflation is not nearing the 2.0% target, indicating hesitance towards Fed intervention. The S&P 500, tracked by the Vanguard S&P 500 ETF (NYSE: VOO), has climbed 3.4% since August 1 following speculations of easier monetary policy post a disappointing jobs report. Last Thursday, the index hit another all-time high, showcasing the positive sentiment among stock investors. Market expectations already factor in a rate cut, further fueling the current bullish trend on Wall Street. Inflation signals suggest a rate cut may not be necessary, hinting at a potential shift in Fed policy. For more details, refer to the full article on Benzinga.com.