Wall St rallies as Fed's Powell nods to easing inflation after rate hike

The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank.

Feb 1 (Reuters) - The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made foll… [+3578 chars]

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Investors wait to hear from Fed Chair Powell at central banking forum

Investors are shifting their focus Tuesday from the stock market to Stockholm as they await a fairly rare public speaking appearance by Federal Reserve Chairman Jerome Powell.

Powell: Fed needs independence to fight inflation, should avoid ... - Reuters

The Federal Reserve's independence from political influence is central to its ability to battle inflation, but requires it stay out of issues like climate change that are beyond its congressionally-established mandate, Fed Chair Jerome Powell said on Tuesday.

US stocks trade mixed as Wall Street eyes Fed officials hints' on higher-for-longer rates

Fed Chairman Jerome Powell said at conference in Stockholm that restoring price stability requires unpopular decisions.

Fed's Powell tests positive for COVID, has mild symptoms - Reuters

Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild symptoms, the U.S. central bank said in a statement.

Morning Bid: Paging Mr. Powell - Reuters

A look at the day ahead in European and global markets from Anshuman Daga:

Wall St Week Ahead U.S. investors hunt for gains in foreign stocks - Reuters

Some U.S. investors are looking abroad to capture better stock returns in the coming months, betting European and other international stocks hold more enticing valuations after a long period of U.S. dominance.

The biggest threat to the economy right now: Jerome Powell's ego

Federal Reserve chairman Jerome Powell could push the economy into a tailspin in a misguided attempt to safeguard his own legacy.

The market 'got ahead of itself' in expecting interest-rate cuts, according to a BlackRock strategist who warned the Fed would 'stay hawkish'

BlackRock's Ben Powell told Bloomberg markets were too confident that interest rates would come down faster than planned, making stocks overvalued.

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