July 19, 2024

Market Whiplash: Powell’s Mixed Messages on Interest Rates Stir Wall Street

Jerome Powell, Chair of the Federal Reserve, recently hinted that he does not anticipate imminent increases in interest rates despite inflation concerns. This statement initially brought a wave of optimism to Wall Street, igniting a significant rally in U.S. stocks—the largest seen after a policy meeting since the previous December. Concurrently, Treasury yields saw a Market Whiplash: Powell’s Mixed Messages on Interest Rates Stir Wall Street

The post Market Whiplash: Powell’s Mixed Messages on Interest Rates Stir Wall Street appeared first on ImaStockTrader.

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