Mmastodon BusinessMarkets first seen 15 h ago, last 11 min ago, peak #8
Stocks Rally as Fed Minutes Point to Diminished Rate-Hike Prospects
Original: 🟠 UPDATE US Fed Minutes Release Amid Diminished Rate-Hike Prospects Major stock indexes rose sharply, with the Nasdaq Co
US stock indexes climbed sharply as investors digested Federal Reserve minutes signaling reduced likelihood of further rate hikes. The Nasdaq Composite reached a new high, while the 10-year Treasury yield pulled back after a government report showed fewer jobs added than expected. Softer employment data has strengthened expectations that the Fed may hold or cut rates, lifting equities.
Why now: The Fed minutes and weak jobs data combined to shift rate expectations, driving a notable stock market rally.
Federal ReserveNasdaq CompositeUS Treasury
Rank over time, top of the chart is #1. 12 snapshots from 15 h ago to 11 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/770150