Wall Street Rallies as Fed’s Waller Hints at September Rate Hold: Stock Market Today
Stocks rallied and Treasury yields retreated from three-year highs after Fed Governor Waller signaled he could back a rate hold, sending bitcoin above $80,000.
A Fed leader said interest rates might stay the same in September, which made people feel happier about stocks and crypto. When leaders hint rates won't go up, companies and investors often feel less worried about borrowing money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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