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As they often do, the Fed’s comments had an impact on the markets this week. Although this time, it wasn’t all doom and gloom. Jerome Powell has thrown the markets a bone – saying that inflation (particularly in the goods sector) has started to go down. A comment which the markets certainly appreciated. But before everyone could get carried away, he sobered the mood by reminding us that we’re not out of the woods yet.
Stocks close higher in a volatile session with the Fed chair striking a dovish tone.
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