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Markets today: U S stocks rise as Powell sticks to wait-and-see tone

Markets today: U S stocks rise as Powell sticks to wait-and-see tone
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Stocks Rise as Powell Sticks to Wait-and-See Tone: Markets Wrap

(Bloomberg) — The stock market remained higher after Jerome Powell reiterated the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any new ground, Wall Street got some relief from his views that recent inflation figures did not “materially change” the overall picture. Powell also reaffirmed…

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