News Formal

Stocks gain for a second day on easing inflation hopes, Nvidia leads Nasdaq higher: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

México Noticias Noticias

México Últimas Noticias,México Titulares

Stocks rose Thursday, as hope over easing inflation and gains in tech helped Wall Street claw back more of this week's losses.

Federal Reserve Chair Jerome Powell said inflation is nearing the point where officials would feel comfortable about cutting interest rates. 'We're waiting to become more confident that inflation is moving sustainably at 2%.

When we do get that confidence, and we're not far from it, it will be appropriate to begin to dial back the level of restriction,' Powell said Thursday during testimony before the Senate Banking Committee. He noted that cuts would be necessary 'so that we don't, you know, drive the economy into recession rather than normalizing policy as the economy gets back to normal.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks are little changed Tuesday as traders assess fresh earnings and new data: Live updatesStocks were flat Tuesday as the market rally took another breather, with investors looking ahead to key data slated for release later this week.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Fuente: CNBC - 🏆 12. / 72 Leer más »