Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb
Synopsis by Business Insider Aug 10 22
Inflation is still hot at 8.5% but the cooling from June's 9.1% rate was enough to send the Cboe Volatility Index, or VIX, sliding.Read full article 
Reuters: Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb
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| Last Updated | Aug 11 22 |
| Total Articles | 9 |
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July inflation: VIX fear gauge tumbles after inflation eases: Inflation is still hot at 8.5% but the cooling from June's 9.1% rate was enough to send the Cboe ...
markets.businessinsider.com/news/stocks/july-inflation-stocks-vix-fear-dow-inflation-economy-fed-rates-2022-8
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- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
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