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Following Jerome Powell’s comments indicating that the Fed would move to rein in inflation while avoiding much-feared drastic steps this year, tech stocks jumped, thus boosting several key Indices.
Federal Reserve Chairman Jerome Powell has released his opening statements ahead of his Tuesday confirmation hearing. His remarks seem to mark an approaching shift in the central bank’s monetary policy for 2022.
Key Indices shot up on Tuesday, led by semiconductor stocks, and Nvidia in particular. How long will this momentum last?
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