Fed Official's Remarks Boost Stocks

Stocks surged in afternoon trading this week, buoyed by optimism over a potential interest rate cut, following remarks from a Federal Reserve official. The markets positive response was evident in the gains seen by several regional banks, highlighting the significant impact of central bank signals on investor sentiment and stock prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.