Stocks jump as Powell soothes Wall Street's nerves - BNN

Stocks rallied, halting a five-day rout that took 10% off the S&P 500, after Federal Reserve Chair Jerome Powell said outsize rate hikes will be rare as officials intensify their battle against sky-high inflation.

Stocks rallied, halting a five-day rout that took 10 per cent off the S&P 500, after Federal Reserve Chair Jerome Powell said outsize rate hikes will be rare as officials intensify their battle a… [+4332 chars]

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