Fed Chief Powell: The Secret Reason For Friday’s Stock Market Rally

Feb 3, 2024

Meta Platforms (META) and Amazon.com (AMZN) spurred Friday’s big stock market rally, with the S&P 500 racing to a new record high. But give a lot of the credit to Fed chief Jerome Powell. The Federal Reserve chairman slammed stocks Wednesday afternoon when he said a Fed rate cut in March was unlikely. But his comments otherwise were dovish. “We…

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