Federal Reserve Chair Jerome Powell Tuesday did not provide any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for a longer period.
Investors await crucial inflation data next week which may decide the Fed’s interest rate move. The S&P 500 index is nearing its record high while
US job growth data boosted Federal Reserve rate hike expectations. Treasury yields and the dollar strengthened after the positive jobs report. Major US stock indexes
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