US stocks in the green a day before the end of the week (Getty)
In the words of Jerome Powell Fed PresidentI hesitated US stocks During Thursday’s trading between the green and red zones, before the marathon begins strong heights During the last twenty minutes of the session, its main indices ended the day’s trading with an increase of nearly two thirds of one percent.
On Thursday morning, Powell added to the pain of stock and bond investors, when he stressed, in answering some questions at the Cato Institute, that the Fed would do the necessary to fight inflation in the country, noting that “stopping interest rates or switching to lowering them are not close.”
The head of the world’s largest central bank reiterated what he said at the central banks meeting in Jackson Hole two weeks ago, when he reminded his listeners that “history strongly warns us once morest rushing to ease monetary policy”, stressing that he and his colleagues at the bank are “committed to eliminating inflation”, and they will not stop until they complete their mission.
And when Powell finished his warning words, the stock markets remembered that they witnessed their best days in nearly a whole month on Wednesday, to resume the upward journey, first timidly, before accelerating their rise during the last meters of the session, waiting for consumer price data expected to be published next Tuesday. .
