TSP Talk Blog

It's incredible how much power one person can have over the stock market. The Federal Reserve Chairman Jerome Powell spoke, and the stock market soared. After a poor start to the week for stocks (indices down almost 2%) the Fed stepped in and declared that their measures against inflation have been working, and they will be able to slowdown the pace of the interest rate hikes. And just like that, the morning losses turned into an explosive afternoon rally, and that's how November ended.
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