Power Breakfast: Dow Finishes 265 Points Higher, NASDAQ Climbs 2% After Fed Chair Powell Says Inflation Is Declining
Zee Business Video Team | Updated: February 8, 2023 08:31 am
The US market gained momentum after the Fed Chairman's speech. The Dow jumped 265 points and the NASDAQ rose 2%. The 10-year bond yield reached above 3.65%. Fed has said that, ''Inflation has started declining but this is just the beginning.. Inflation has started from the goods sector.. We will decide on interest rates even further after seeing the economic figures.. If the figures deteriorate, the interest rates will have to be increased more than expected.''
