Fed Chair Powell Notes ‘Patient’ Approach to Interest-Rate Hikes

Fed Chair Powell Notes ‘Patient’ Approach

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Tuesday, February 26. Major U.S. stock 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.”

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