Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell strongly hinted the central bank will cut rates this month.
Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would lower interest rates this month. "A July rate cut seems set in stone as Powell cites geopolitical uncertainties and global growth slowdown as the reasons why an easier policy will help sustain the expansion domestically," said Konstantinos Anthis, head of research at ADSS.
Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would lower interest rates this month. "A July rate cut seems set in stone as Powell cites geopolitical uncertainties and global growth slowdown as the reasons why an easier policy will help sustain the expansion domestically," said Konstantinos Anthis, head of research at ADSS.
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