Stock market today: Dow shakes off higher rates as Fed's Bostic touts summer pause By Investing.com

“Whatever the reason that jobless claims have remained subdued, the bottom line is that labor supply is not increasing in any meaningful way, and there is no evidence that this will change any time soon,” Jefferies said in a note.

The strong data and hawkish remarks from several Fed members earlier this week have forced some on Wall Street to price in more aggressiveWells Fargo pushed back its call on recession and now expects an economic downturn in the second half of the year, and said it expects interest“We’ve reduced our year-end 2023 target for the S&P 500 Index and raised our target range for the federal funds rate to 5.25% to 5.5%,” it added.

Financials were the biggest drag on the market, with regional banks leading to the downside despite a surge in yields, which tends to boost margins on lending.

these guys at the FED are out of touch ,closet clowns an gaffe machines , the market an economy detest high rates , they have killed the economy , look at all peoples 401k these accounts have been destroyed by FED policies

Anything to keep the bulltards happy, but this won’t end well

Sei não, não teria falado isso

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Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updatesStocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow jumped 1.05%. The S&P 500 rose 0.76%. The Nasdaq gained 0.73%. Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day. Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now
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