One of the surprising things about the Federal Reserve’s half-point interest-rate reduction on Wednesday was that it wasn’t much of a surprise.A month ago, it seemed highly unlikely that the Fed would move faster than in the usual quarter-point increments,

But we’ll know her time as an internet phenomenon has come to an end when Moo Deng—which loosely translates to “bouncy pig”—shows up on the social media account of a member of Congress: Such is the lifecycle of a meme.

Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a recession.