FRS Chairman Jerome PowellPhoto: Scanpix
The stock market has been fairly calm recently despite tight monetary policy. Investors seem inclined to believe that tight monetary policy will soon be replaced by a much more lenient one.
The S&P 500 is up about 20% from its early October lows. Much of the recent gains have come from stocks of big tech companies that are benefiting from artificial intelligence.
2023-06-12 10:47:32
#stock #market #anticipating #imminent #FRS #rate #cut
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