Reported about 2 months ago
Jerome Powell's recent speech at Jackson Hole has generated optimism on Wall Street, leading to a notable stock rally and suggesting imminent interest rate cuts by the Federal Reserve. Major indexes, including the S&P 500 and Nasdaq, experienced significant gains, fueled by falling interest rates that promise to lower borrowing costs for consumers and businesses. This favorable environment is expected to boost sectors like real estate and housing, enhancing investment opportunities for market participants.
Source: YAHOO