Fed Chair Powell Notes ‘Patient’ Approach

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Tuesday, February 26. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes declined slightly, with the Dow Jones Industrial Average, S&P 500 and NASDAQ all down 0.1%. Federal Reserve Chair Jerome Powell’s Congressional testimony dominated headlines today. Powell reasserted that additional interest-rate hikes remain on hold with the Fed in “no rush to make a judgment about changes.”