Stocks higher on Fed's signaling on September rate cut

, the Dow Jones Industrial Average trading to the upside of over 170 points. The Federal Reserve's messaging around a possible interest rate cut in September sent stocks roaring to life yesterday. The Fed opted to hold rates where they are following its July FOMC policy meeting.We had fed chair Powell out with some, uh, spoken word yesterday.

Again, like Brad just mentioned, coming off the back of some do commentary from J Pal, at least the market hearing what it wants to hear in terms of the likelihood of a September rate cut.Again, of course, the question is now that we're seeing some momentum back within the A I trade chip makers really leading the charge yesterday.The focus of course is going to turn to Amazon and Apple.

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Stocks and precious metals soar, cryptos fall as Powell hints at September rate cutThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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