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On February 7th, Federal Reserve Vice Chairman Thomas Jefferson stated that the central banks current interest rate stance is "perfectly suited" to a robust economic situation, indicating that he is in no hurry to resume the rate cuts that the Fed paused in January. Jefferson noted that although inflation has consistently exceeded the Feds 2% target, he expects the downward trend in inflation to resume later this year. He also estimates the overall economic condition to be good, with economic growth projected to reach approximately 2.2% by 2026. He stated, "I see some signs that the labor market is stabilizing, inflation is poised to return to our 2% target, and sustainable economic growth will continue." Jefferson noted that the three rate cuts implemented by the Fed between September and December of last year adjusted interest rates to a range of 3.5% to 3.75%—close to market expectations of a "neutral level," a level that neither stimulates nor inhibits the economy. He pointed out that this stance strikes a reasonable balance between the two major risks facing the central bank.February 7th - On the evening of February 6th local time, following the conclusion of the US-Iran nuclear negotiations, Iranian Foreign Minister Araqchi left Muscat, the capital of Oman. Reportedly, in an interview after the negotiations, Araqchi stated that the Iranian delegation must return to Tehran to consult on "key issues" and prepare for future negotiations.Federal Reserve Vice Chairman Jefferson: Tariffs are a key driver of inflation in 2025, and price pressures should ease in 2026.Federal Reserve Vice Chairman Jefferson: Although upside risks remain, I expect inflationary pressures to ease.Federal Reserve Vice Chairman Jefferson: Tariffs are likely just a one-off change in price levels.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Move Higher In Choppy Trading

Jimmy Khan

Jan 11, 2023 14:42

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S&P 500 (SPX500)

The S&P 500 increases in value throughout today's trading session as a result of Fed Chair Powell's less aggressive speech in Stockholm. In his remarks, Powell emphasized the significance of central bank independence, which was the major subject of the gathering. He also said that in order to get inflation back to the desired level, controversial steps will be required.


Stocks received some support today from the lack of hawkish remarks, as the S&P 500 finished close to the 3900 mark. Given that the real estate, consumer defense, and utility sectors are all losing ground, it should be emphasized that today's movement is not significant.


Until Thursday, when traders will be concentrating on the inflation figures, trading might remain volatile. The main banks will start the earnings season on Friday. For a few weeks, traders will be more interested in company reports than Fed policy.

NASDAQ (NAS100)

Today's trading session saw some progress for NASDAQ as well. The NASDAQ today received assistance from Amazon and Meta's good performance.


As short-term traders take some gains off the table after the recent rally, Tesla is down 2% in the meantime. From a broad perspective, Tesla is still in a downward trend, therefore further encouraging developments are required for the company to resume its upward trajectory.


Even if Treasury rates are rising today, yield-sensitive tech equities are unaffected by this development. The upward trend for NASDAQ is highlighted by the respectable performance of the tech stock sector.

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