Despite the comments made by the governors of the central banks of Europe and the United States yesterday, which helped to calm the market, interest rate cuts are still anticipated for June. Wall Street experienced significant growth yesterday, with the Nasdaq index rising by 1.5 percent and the S&P 500 index reaching another record high. Jerome Powell, the head of the US central bank, Fed, indicated during a congressional hearing that the Fed’s confidence in controlling inflation is nearing the point where interest rates may begin to be reduced.
The positive outlook shared by Powell reassured investors and contributed to the strong performance of the stock market. If interest rates are indeed lowered in June as anticipated, this could provide additional support to the economy and potentially further boost market confidence. Overall, recent developments have instilled a sense of optimism among investors and market participants, offering hope for continued growth and stability.