Stocks moved to their highs of the day on comments from Fed Chief Jerome Powell, ruling out a return to hiking interest rates unless there was a “significant” and “persistent” lift in inflation - which markets don’t expect to be happening anytime soon. Sani Hamid, Director of Wealth Management, Financial Alliance tells us what this means for markets.

 

Stocks moved to their highs of the day on comments from Fed Chief Jerome Powell, ruling out a return to hiking interest rates unless there was a &ldquo;significant&rdquo; and &ldquo;persistent&rdquo; lift in inflation - which markets don&rsquo;t expect to be happening anytime soon. Sani Hamid, Director of Wealth Management, Financial Alliance&nbsp;tells us what this means for markets.
&nbsp;

Advertisement