The Dow surges 500 points then gives it all back as the Fed says interest rate cuts are ‘unlikely’

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The Dow surges 500 points then gives it all back as the Fed says interest rate cuts are ‘unlikely’

On Wednesday afternoon, the Dow Jones and other indexes spiked — not because the Fed left interest rates unchanged, but because there won’t be any more rate hikes. The stock market started celebrating after the Federal Reserve chair Jerome Powell said “it is unlikely the next policy move will be a hike.”Read more...