Stocks rose on Friday after Federal Reserve Chairman Jerome Powell said during a speech in Zurich that the central will continue to"act as appropriate" to support US economic growth. Powell has repeated the statement several times before, and investors are interpreting it as a sign the Fed will continue to lower borrowing costs this year. The August jobs report from the Labor Department showed that US hiring slowed but remained solid last month.
Stocks rose on Friday after Federal Reserve Chairman Jerome Powell said during a speech in Zurich that the central will continue to"act as appropriate" to support US economic growth. Powell has repeated the statement several times before, and investors are interpreting it as a sign the Fed will continue to lower borrowing costs this year. The August jobs report from the Labor Department showed that US hiring slowed but remained solid last month.
Anticipating stocks rally, unless negative threads launch shortly. Thread is now a powerful 4.0 market-psycho, compares to indulging conventional traits taught by Corfin101.
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