Stock market today: World shares are mostly higher as Wall Street gears up for an interest rate cut

Get ready to travel this fall with these Insider DealsFILE - People walk in front of Tokyo Stock Exchange building in Tokyo, on May 28, 2024.

Markets have been eagerly awaiting the decision by the Fed, which is expected to cut its key rate for the first time in more than four years after keeping rates high to tamp down inflation. The main question is how much relief for the economy the Fed will deliver. The S&P 500 index, which is much more comprehensive and widely followed on Wall Street, ticked up by 0.1%, ending at 5,633.09.

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