Stock Market Today: Equities Edge Higher As Powell Affirms 2024 Rate Cuts
The Fed chair affirmed rate cuts were likely coming this year, assuming inflation continues to cool.
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The Fed chair affirmed rate cuts were likely coming this year, assuming inflation continues to cool.
Stocks looked poised to snap a three-day losing streak on Wednesday as traders eyed more Fed comments and economic data.
The S&P 500 looks poised to notch its best first quarter since 2019 as traders head toward the end of a holiday-shortened week.
"If you see inflation go up a little bit that doesn't mean that we're not on the target to get to 2%," Chicago Fed President Austan Goolsbee said.
The S&P 500 is closing in on 5,000 for the first time ever. Stocks rose as traders digest earnings and remarks from a handful of Fed officials.