Reported about 2 months ago
Stocks rallied on Friday with the Nasdaq leading gains after Federal Reserve Chair Jerome Powell announced 'the time has come' to begin cutting interest rates, signaling a shift in monetary policy. The S&P 500 rose 0.8% and the Dow Jones increased by about 0.9%, amidst expectations for interest rate reductions that could begin as soon as September. Powell's comments have led to speculation about multiple rate cuts in the forthcoming months, buoying market sentiment.
Source: YAHOO