Nasdaq S P 500 Recover As Powell Testimony Echoes Dovish Fed Welcome to our channel, ankit jain official! in today's gripping analysis, we're diving deep into the nasdaq's stunning reversal and outlining key tr. The fed’s upcoming decision to cut interest rates is a sign that officials feel “confident” enough that price pressures are coming under control. a slowing job market is also playing a role.
Stock Market Outlook S P 500 Returns When The Fed Cuts Rates The fed’s key interest rate, which influences borrowing costs across the economy, has been at a 23 year high for about a year now, after the central bank aggressively lifted rates to bring down. Item 1 of 2 u.s. federal reserve chair jerome powell holds a press conference following a two day meeting of the federal open market committee on interest rate policy in washington, u.s., july 31. Fed leaves policy rate unchanged as expected; fed chair powell: further inflation progress not assured; job openings hit three year low; indexes: dow up 0.23%, s&p off 0.34%, nasdaq down 0.33%. Powell reiterated the central bank will need to cut rates before the figure returns fully to 2%, but after the underlying momentum seems likely to take it there. the fed next meets on july 30 31.
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