Wall Street rises as Fed’s Waller cools rate-hike fears
Stocks advanced as investors cut rate-hike bets after Fed Governor Christopher Waller said he would support holding the Fed funds target rate steady if data shows easing inflationary pressures.
Wall Street advanced on Thursday as investors trimmed expectations for more rate hikes after U.S. Federal Reserve Governor Christopher Waller said he would back holding the Fed funds target rate steady if data show inflationary pressures are easing. All three major U.S. stock indexes rose in early trading.