The floor of the New York Stock Exchange (GETTY IMAGES NORTH AMERICA/AFP/SPENCER PLATT)
The New York Stock Exchange, which was stagnating on Wednesday, suddenly climbed when the head of the Fed, Jerome Powell, ruled out the possibility of a future increase in interest rates despite the little progress on the side of lowering the inflation.
Around 7:10 p.m. GMT, the Dow Jones rose 1.30% and the Nasdaq 1.46% after Mr. Powell noted that it was “unlikely that the next move on rates would be a hike”, monetary policy being deemed “sufficiently restrictive” over time. Ten-year bond rates eased to 4.61% instead of 4.68% the day before.
© 2024 AFP
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