Li Li6
commented on
Happy Friday! The market rebounded after Federal Reserve President Jerome Powell said everything short of 'we are cutting rates in September' at the Jackson Hole, WY Economic Symposium this morning. Indexes climbed to near record highs, with the PCE and $NVIDIA (NVDA.US)$ earnings report next week to look forward too.
Just past the 4 pm ET close, the $S&P 500 Index (.SPX.US)$ traded +1.15%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 1...
Just past the 4 pm ET close, the $S&P 500 Index (.SPX.US)$ traded +1.15%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 1...
![Wall Street Today | Market Sees Bright Future After Fed Talk](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240717/1721161187004-3fe5f058dd.png/thumb?area=999&is_public=true)
![Wall Street Today | Market Sees Bright Future After Fed Talk](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240824/1724443254258-277048b77a.png/thumb?area=999&is_public=true)
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Li Li6 : What does cutting interest rates mean?