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Breitbart Business Digest: Dow 40,000

Posted on AllSides May 16th, 2024
From The Right

Jerome Powell might want to look away from the stock market. It’s making a mockery of the idea that financial conditions are sufficiently restrictive. Dow Jones Industrial Average has surged past the 40,000 mark on Thursday, after rising around six percent so far this year. It’s up an astounding 23 percent from its recent nadir in October, back before the Federal Reserve pivoted away from rate hikes. Remember when Powell got tough with markets back at the Fed’s annual econopalooza in Jackson, Wyoming, in the summer of 2022? The Fed...

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https://breitbart.com/economy/2024/05/16/breitbart-business-digest-dow-40000

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