Fed Officials Hint at "Rate Cuts," U.S. Stocks Rise Intraday
According to Blockbeats, on April 24, Thursday, U.S. stocks rose intraday, with the Nasdaq surging over 2% at one point and the S&P 500 index gaining nearly 1.5%. The Fear Index VIX hovered around 27. U.S. President Trump appears to be reassessing some of his more aggressive approaches to trade and Federal Reserve matters. "Since the market has recovered a significant portion, it can start to extend this momentum," said David Laut, Chief Investment Officer at Abound Financial. "While the market recovery won't be a straight line, it's encouraging to see the market beginning to price in an environment post-tariffs." Bets that the Fed will cut rates sooner than expected boosted the stock market.
Fed Governor Waller stated that he would support a rate cut if tariffs result in job losses. Meanwhile, Cleveland Fed President Harker said that if there is clear evidence of economic trends, officials could take action as early as June. (Jinshi)
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