Stocks climbed on Friday in the run-up to a pivotal speech by Federal Reserve Chair Jerome Powell that is likely to shape expectations on policy, the economy, and the future path of interest rates. The S&P 500 rose 0.6%, while the Dow Jones Industrial Average added 0.4%. The tech-heavy Nasdaq Composite led gains, up roughly 0.8%, as all three gauges eyed a comeback from Thursday's closing losses.
Slowing economic data has convinced the market to position for the Fed to lower rates in September, with opinion divided on the depth of the cut. Traders are pricing in a 75% chance of a reduction of 25 basis points and 25% odds of 50 basis points, per CME's FedWatch tool. Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut Powell's speech at 10 a.m.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
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