Stocks surge after Fed chair Jerome Powell hints of limit to rate hikes

in #stocks5 years ago

"Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy....

Interesting article about why the stock market surged today. Not too surprising, the stock market loves easy money and it looks like the Fed is going to keep giving it. I'll be looking to sell some of my stocks tomorrow....

Read the full story here....
https://www.cbsnews.com/news/dow-jones-surges-after-fed-chair-jerome-powell-hints-of-limit-to-rate-hikes/

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The Dow was up 617 points today....

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