Indexes end higher in volatile trade as investors assess Powell speech

Published by

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended a volatile session higher on Friday as investors digested comments from Federal Reserve Chair Jerome Powell that the U.S. central bank may need to raise interest rates further to ensure inflation is contained. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. The major U.S. indexes, which started the day with solid gains, alternated between extending and paring those gains for much of the session. Powell “is demonstrating that …

Read More

See also  How AI could soon be rewriting text messages for you

Leave a Reply