Stocks rally on Powell rate remarks

Fed chair Jerome Powell rolled out a fairly hawkish speech Wednesday, and the markets … rallied?Powell spoke at 1:30pm at the Brookings Institution, his last public appearance before the FOMC policy meeting in two weeks.toward lower inflation just yet — and that rates may ultimately peak even higher than he thought just a few months ago., he said the Fed could shrink the size of its rate hikes as soon as its December meeting.

Despite Powell's insistence that we haven't seen much progress in the inflation fight, that December comment made waves. "The signal that the Fed is going to slow down in December was unambiguous," wrote Krishna Guha of Evercore ISI in a research note.

Now do the DOW. 🙄

It comes down to two words. Was pain and is now patience. That is all the market needs for a huge bounce.

The market is poised to explode everytime Powell takes a breath. Probably all that profit looking for deals.

“I do not think it means what you think It means.”

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks surge after Powell says Fed will slow down interest-rate hikesThe Federal Reserve will slow down the pace of interest rate hikes, Chair Jerome Powell said on Wednesday, giving markets hope that the aggressive cycle of rate increases will ease up. Fake Slow down? It’s only at 2% on Money Markets! Good! Your are doing more harm than good.
مصدر: CBSNews - 🏆 87. / 68 اقرأ أكثر »

These 20 stocks soared in November with gains of 22% or more after Powell ignites rallyChip makers including AMD and Nvidia rebound on expectations interest rates will rise more slowly.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

U.S. stocks rally as Powell says pace of rate hikes likely to slow in DecemberU.S. stocks rallied Wednesday afternoon after Federal Reserve Chairman Jerome Powell said the central bank could slow the pace of interest-rate hikes in...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »