S&P 500, Dow Jones, Nasdaq Hit Closing Highs
S&P 500, Dow Jones, Nasdaq Hit Closing Highs
Markets climbed after investors watched Fed President Jerome Powell unveil the median target Federal Funds rate of 4.6% by year-end. A day later, stocks were still hitting all-time highs: if the market loves anything, it's predictability.
投資者目睹聯儲局主席傑羅姆·鮑威爾公佈年底前聯邦基金目標利率中位數爲4.6％，此後，市場攀升。一天後，股票仍創下歷史新高：如果市場喜歡什麼，那就是可預測性。
The preliminary numbers showed that the $S&P 500 Index (.SPX.US)$ Index climbed past a record of 0.32% to its 20th record close this year. The $Dow Jones Industrial Average climbed 0.67% to a record close, and the $Nasdaq Composite Index climbed 0.20%, toward an all-time high with preliminary numbers.
初步數字表明 $標普500指數 (.SPX.US)$ 該指數攀升至創紀錄的0.32％，創下今年的第20個收盤紀錄。這個 $道瓊斯工業平均指數 上漲0.67％，創歷史新高， $納斯達克綜合指數 根據初步數據，上漲0.20％，創歷史新高。
All eyes watched the Reddit IPO launch in public trading shortly after 1:20 p.m. EST. The stock started above the target $34/share price at $47/share and jumped 60%.
美國東部時間下午 1:20 過後不久，所有人的目光都注視着Reddit在公開交易中啓動的首次公開募股。該股起價高於34美元/股的目標價格，爲每股47美元，上漲了60％。
FOMC Keeps Things The Same
聯邦公開市場委員會保持不變
Thursday, the market climbed after the Federal Open Market Committee decided rates should remain unchanged at 5.25% - 5.5% Wednesday. Federal Reserve President Jerome Powell held a press conference to describe the dot plot projection of where rates will be at the end of the year.
週四，在聯邦公開市場委員會決定週三利率應保持在5.25％至5.5％不變之後，市場攀升。聯儲局主席傑羅姆·鮑威爾舉行了新聞發佈會，描述了年底利率走勢的點陣預測。
Powell said, "If the economy evolves going forward, the appropriate federal funds rate level will be 4.6% at the end of this year.
鮑威爾說：“如果經濟向前發展，適當的聯邦基金利率水平將在今年年底達到4.6％。
The dot plot shows the FOMC member's prediction for the appropriate range to target for the Federal Funds Rate. The dot plot shows median rates coming down to 4.6% this year and down to 2.5% by 2026, and Powell said rates were unlikely to return to the pre-pandemic 0% rate.
點狀圖顯示了聯邦公開市場委員會成員對聯邦基金利率目標區間的預測。點陣圖顯示，今年的中位數將降至4.6％，到2026年降至2.5％，鮑威爾表示，利率不太可能恢復到疫情前的0％。