More Fed, Home Sales, Crypto: 3 Things to Watch By Investing.com
By Christiana Sciaudone Investing.com -- Stocks greeted Jerome Powell's congressional testimony warmly, breaking higher after the Federal Reserve Chair reiterated his belief that the current inflation pressures will ease as the recovery continues. Powell said he had a "level of confidence" that prices will eventually come down and noted that a 5% inflation environment wouldn't be acceptable. He urged patience. Powell's comments came on the heels of others from the Fed's John Williams and Loretta Mester on what was a day of heavy Fedspeak. Microsoft Corp (NASDAQ:MSFT). hit a $2 trillion valuation...
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