According to Odaily: Recovery in the stock market and boost in risk assets, sparked by Federal Reserve Chairman Powell's stance on inflation, continued when he suggested that a rate cut in May or June hasn't been ruled out yet. The statement came on March 21, and has instilled further confidence in the market anticipating potential monetary relaxation.
Earlier worries in the market, spurred by January and February's inflation reports, hinted at possible delays in the Federal Reserve's interest rate reductions. However, Powell's inflation perspective, along with his open stance about potential rate cuts in the coming months, has played a key role in recent stock market upturns, as gains continue to accelerate.
