Powell was dovish enough for stock markets

Author: Adam Button | Category: Central Banks

Highs of the afternoon

The S&P 500 is down just 1 point after falling 26 at the lows.

The more-explicit comments and signals from Powell was that they don't want to cut. But there was enough in his comments about supporting the expansion and doing what's necessary that the market feels like it can depend on Powell to cut whenever there is a hiccup.
Highs of the afternoon

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