Nasdaq, S&P 500, Dow Jones Race Higher As Fed's Powell Touts Front-Loading Hikes

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Nasdaq, S&P 500, Dow Jones Race Higher As Fed's Powell Touts Front-Loading Hikes

Seeking Alpha2022-06-16

Stocks are bouncing back Wednesday, rallying as Fed Chairman Jay Powell said another hike of75 basis pointsis possible in July.The Nasdaq (COMP.IND)+3.12%, S&P 500 (SP500)+2.15%and Dow (DJI),+1.51%, ...

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YueShan
·2022-06-16
Ok
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VivianChua
·2022-06-16
Ok 👌
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Simonnov
·2022-06-16
Ic
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Mushroom88
·2022-06-16
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Looyusooi
·2022-06-16
Ok
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Jess261
·2022-06-16
Okay
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SCLIEW
·2022-06-16
666
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2
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kenong62
·2022-06-16
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5
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ccy1122
·2022-06-16
[OK] [OK] [OK] [Like] [Like] [Like]
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Pandachubby
·2022-06-16
Ok
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EHG
·2022-06-16
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LongZR
·2022-06-16
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CharlesKing
·2022-06-16
like
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Sunshine_2
·2022-06-16
Ok
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Chitz
·2022-06-16
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TCF
·2022-06-16
Good morning .. ☀️
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DaveWLF
·2022-06-16
More 0.75 instead of 0.5
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CT888
·2022-06-16
One more month of digestion before the Fed worry starts again.
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ASMH
·2022-06-16
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WannaBluffy
·2022-06-16
👍
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The 10-year Treasury yield is down 10 basis points to 3.38% and the 2-year is down 11 basis points to 3.33%. Both had been down more than 10 basis points before the decision.Powell said that hikes of 75 basis points would not be \"common,\" but that the FOMC was looking at a choice between 75 and 50 in July, which would bring rates to a \"more normal range\" and give the Fed more flexibility.Fed watchers also took notice when he said the Fed was \"determined\" to keep inflation expectations around 2%.The ramp up in the Fed's dot plot of economic expectations may have worried equity investors. 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👌","listText":"Ok 👌","text":"Ok 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[OK] [OK] [Like] [Like] 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