Fed Chairman's Remarks Spark Market Rally

The Dow Jones Industrial Average surged more than 600 points, erasing its November decline, after Federal Reserve Chairman Jerome Powell eased investor worries about an aggressive increase in interest rates.

BING NEWS:
  • SE Asia Stocks-Most dip as Fed fails to deliver 'dovish delight'
    after the U.S. Federal Reserve chairman's remarks cooled expectations of a rate cut, while Philippines gained after S&P Global upgraded the country's credit rating. The U.S. Federal Reserve on ...
    05/1/2019 - 5:43 pm | View Link
  • Powell has to walk verbal tightrope as market could pounce on interest-rate clues in either direction
    “If Powell sound too optimistic, it might spark ... market cross-footed and people hold him accountable for that,” agreed Carl Tannenbaum, chief economist at Northern Trust. Last October, Powell told ...
    05/1/2019 - 5:21 am | View Link
  • Avoiding a slowdown: on Fed interest rates
    The Fed Chairman’s remarks come around the tenth anniversary of the historic bull market in U.S. stocks, which began in March 2009 after policy rates were cut aggressively in order to fight the ...
    03/11/2019 - 7:36 am | View Link
  • Fed's Clarida Says Risk Has Tilted Toward Too-Low Inflation
    The vice chairman’s latest remarks ... Powell’s remarks reportedly pleased President Donald Trump, who had been critical of Fed rate hikes. While investors still anticipate an interest-rate rise when ...
    12/3/2018 - 1:51 am | View Link
  • US Fed chairman’s speech boosts Wall Street
    The spark for the market rise was a sentence ... partly in response to Powell’s October 2 remarks and concerns over the impact of the trade war with China, the stock market experienced significant ...
    11/28/2018 - 5:22 pm | View Link
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