Stocks Push Higher as Powell Shuts Down Rate Hike Fears
Barrons·2025-12-11 04:23
Stocks surged to session highs after Jerome Powell said interest rate hikes aren't "anybody's base case."The Dow added nearly 600 points, or about 1.2%, while the S&P 500 gained about 0.8%. The Nasdaq was up about 0.5%.Powell's comments aligned with the market's long-held belief that the Fed's next interest rate move will be a cut not a hike. This combined with a more optimistic economic outlook from the Fed helped boost stocks. ...