 This is a Bloomberg Money Minute. Just ahead of Wall Street's closing bell, stocks on track to notch fresh record closing highs for the NASDAQ and the S&P 500. On investor confidence, the Federal Reserve Chief Jerome Powell, in two days of testimony to U.S. lawmakers, is preparing to begin cutting interest rates later this year as long as inflation continues to head lower and the labor market continues to cool. Right now, the Dow is up seven-tenths of one percent, the NASDAQ more than one percent higher, the S&P up eight-tenths of a percent.