Chip makers including AMD and Nvidia rebound on expectations interest rates will rise more slowly.
The rally in U.S. stocks accelerated on the last day of November as Federal Reserve Chairman Jerome Powell signaled policy makers might slow the pace of interest-rate increases soon.
The... The rally in U.S. stocks accelerated on the last day of November as Federal Reserve Chairman Jerome Powell signaled policy makers might slow the pace of interest-rate increases soon. The next decisive Fed meeting will take place Dec. 13-14, followed by a policy announcement on Dec. 14. When speaking at the Brookings Institution in Washington on Wednesday, Powell said: “The time for moderating the pace of rate increases may come as soon as the December meeting.”
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