As the Federal Reserve debates whether or not to hike interest rates, stocks jumped upward today. Do investors foresee a slowing of the rate hikes?
Federal Reserve Chair Jerome Powell made comments on Wednesday that gave investors hope for a slowing of those rate hikes.
During a speech at the Economic Club in New York, Powell said that “overall financial stability vulnerabilities are at a moderate level.” In recent weeks, the President has been critical of the Fed hiking interest rates.
Source: https://www.reuters.com/article/us-usa-stocks-idUSKCN1NX1ES
