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Tag: US stocks

US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India

Posted on March 7, 2024 By Admin No Comments on US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India
US stocks end higher as Powell fuels hopes for rate cuts this year – Times of India

Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. However,…

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