Federal Reserve Chairman Powell's Inflation Forecast Boosts Nasdaq and S&P to Record Highs

Tuesday, 9 July 2024, 14:26

The Nasdaq and S&P indices achieved new record highs fueled by optimism following Federal Reserve Chairman Jerome Powell's positive outlook on inflation during his Senate report. Powell's remarks prompted a bullish sentiment in the market, leading to a surge in stock prices. The positive market response indicates growing confidence in the economic trajectory and monetary policy under Powell's leadership.
Seeking Alpha
Federal Reserve Chairman Powell's Inflation Forecast Boosts Nasdaq and S&P to Record Highs

Nasdaq and S&P Hit Fresh Records

The Nasdaq and S&P indices surged to new all-time highs.

Optimism from Powell's Inflation Forecast

Chairman Jerome Powell's positive inflation outlook boosted market sentiment.

Market Response and Confidence

  • Bullish sentiment: Investors responded positively to Powell's remarks.
  • Confidence: Growing trust in the economic and monetary policy under Powell.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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