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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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The Federal Reserve (FED) officials blow the "rate cut wind", and US stocks rise during trading.
On April 24, Thursday, U.S. stocks rose during the session, with the Nasdaq at one point up over 2%, and the S&P 500 index rising nearly 1.5%. The panic index VIX hovered around 27. U.S. President Trump seems to be reassessing some of his more aggressive approaches regarding trade and The Federal Reserve (FED). "Now that the market has recouped quite a bit of its losses, it can start to maintain this momentum," said David Laut, Chief Investment Officer of investment firm Abound Financial. "While the market's recovery won't be a straight line, it's encouraging to see the market beginning to price in an environment without tariffs." Bets that The Federal Reserve (FED) will cut interest rates earlier than expected boosted the stock market. The Federal Reserve Board of Governors member Waller stated that he would support a rate cut if tariffs lead to job losses. Meanwhile, Cleveland FED President Mester indicated that if there is clear evidence of economic trends, officials may take action as early as June. ( Jin10 )