S investors don’t dare duck before the Fed

new York US investors have drawn hope from the words of US Federal Reserve Chairman Jerome Powell on further interest rate policy. The Fed hiked the key rate by 0.25 percent on Wednesday during Wall Street trading, as expected. The most important indices trended weaker immediately afterwards. However, they then increased during Powell’s press conference. Analysts pointed out that Powell confirmed that inflation was falling. “He could have said that the markets were overly nervous and he didn’t take the opportunity to do so,” said Edward Jones investment strategist Angelo Kourkafas. Instead, Powell explained that a large amount of tightening had already taken place.

The Dow Jones ended up stagnating at 34,093 points. The tech-heavy Nasdaq, meanwhile, was up 2% to 11,816 and the broader S&P 500 was up 1% to 4119.

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