Dow surges 400 points as Fed Chairman Powell strikes dovish tone
U.S. stocks accelerated gains Wednesday afternoon with the Dow Jones Industrial Average rallying 400 points as Federal Reserve Chairman Jerome Powell said that interest rates are "just below" neutral," taking a more benign stance than from early October. "Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy--that is, neither speeding up nor slowing down growth," Powell said in a speech at the Economic Club of New York.
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https://www.marketwatch.com/story/dow-su...2018-11-28
U.S. stocks accelerated gains Wednesday afternoon with the Dow Jones Industrial Average rallying 400 points as Federal Reserve Chairman Jerome Powell said that interest rates are "just below" neutral," taking a more benign stance than from early October. "Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy--that is, neither speeding up nor slowing down growth," Powell said in a speech at the Economic Club of New York.
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https://www.marketwatch.com/story/dow-su...2018-11-28
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