Nasdaq soars 4% after Jerome Powell indicates the Fed is on track to slow rate hikes in December

Nasdaq soars 4% after Jerome Powell indicates the Fed is on track to slow rate hikes in December

Upworthy

Published

Spencer Platt/Getty Images US stocks soared on Wednesday after Fed Chairman Jerome Powell said slower interest rate hikes are likely. Powell all but confirmed a 50 basis-point rate hike in December, dialing back from the four consecutive 75 basis-point hikes. "It is entirely possible the December…

#spencerplatt #fundstrattom #chairmanjerome #powell #jeromepowell #hike #jonesindustrial #hikes #platt #getty

Full Article