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Global stocks are rallying as traders see Fed comments as 'central banks to the rescue'

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Asian and European stocks and US futures climbed on Wednesday after Fed Chairman Jerome Powell hinted a rate cut could be coming.

Asian and European equities and US futures jumped on Wednesday after the Federal Reserve hinted it might cut interest rates later this year. Fed Chairman Jerome Powell pledged to"act as appropriate" to maintain US economic growth in the face of a global trade war. The rally is"clear case of central banks to the rescue," said Jasper Lawler, head of research at London Capital Group. View Markets Insider's homepage for more stories.

Asian and European equities and US futures jumped on Wednesday after the Federal Reserve hinted it might cut interest rates later this year. Fed Chairman Jerome Powell pledged to"act as appropriate" to maintain US economic growth in the face of a global trade war. The rally is"clear case of central banks to the rescue," said Jasper Lawler, head of research at London Capital Group. View Markets Insider's homepage for more stories.

 

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This is an 11 yr fraud and must stop.

Fed fuled rallies are great for 'traders' but not so great for 'investors'.

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