Stocks Climb on Bets Fed, ECB Closer to Rate Cuts: Markets Wrap
- Powell says Fed ‘not far’ from confidence needed to cut rates
- ECB holds rates as slowing inflation raises prospect of easing
This article is for subscribers only.
Stocks hit all-time highs in the run-up to the US jobs report, with investors betting some of the world’s major central banks will start slashing interest rates as soon as June.
Never miss an episode. Follow the Big Take podcast on iHeart, Apple Podcasts, Spotify or wherever you listen. Read the transcript.