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It’s been a wild week.
On Wednesday, in a prepared speech, Federal Reserve Chair Jerome Powell suggested the Fed was likely to soon begin easing up on rate hikes, thanks to falling inflation.
Since lower rates are good for stocks, the market rejoiced. In one day, the S&P 500 jumped 3.1%, the Dow Jones Industrial Average rose 2.2% and the Nasdaq composite soared by 4.4%. European and Asian stocks followed suit, adding billions more in market value to shares worldwide.
Then,