Mmastodon BusinessMarkets first seen 19 h ago, last 3 h ago, peak #8
Stocks Rally as Fed Minutes Point to Diminished Rate-Hike Odds
Original: 🟠 UPDATE US Fed Minutes Release Amid Diminished Rate-Hike Prospects Major stock indexes rose sharply, with the Nasdaq Co
US major stock indexes rose sharply, with the Nasdaq Composite reaching a new high, as investors anticipated the release of Federal Reserve meeting minutes. The move came alongside weaker-than-expected US jobs data and a pullback in the 10-year Treasury yield, which together diminished expectations of further interest rate hikes. Traders are watching the minutes for confirmation of the Fed's policy stance.
Why now: Weaker jobs data and the Fed minutes release have shifted expectations about future interest rate hikes, moving markets.
Federal ReserveNasdaq Composite10-year Treasury
Rank over time, top of the chart is #1. 2 snapshots from 5 h ago to 3 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/770150