US stocks recovered from their session lows as investors grew more confident that the Fed may avoid aggressive interest-rate increases. The rebound helped offset ongoing concerns about elevated oil prices and uncertainty surrounding the outlook for AI. [14:05 ET] Fed's Williams: One more interest-rate hike appropriate this year. I still believe disinflationary forces are at play. [Less than markets are pricing] [US Indexes strengthened, USD & Yields weakened]
US stocks recovered from their session lows as investors grew more confident that the Fed may avoid aggressive interest-rate increases. The rebound helped offset ongoing concerns about elevated oil prices and uncertainty surrounding the outlook for AI. [14:05 ET] Fed's Williams: One more interest-rate hike appropriate