Federal Reserve Official Signals 'Rate Cut Wind,' U.S. Stocks Rise Intraday

BlockBeats News, April 24, Thursday, U.S. stocks rose during the session, with the Nasdaq surging over 2% at one point, the S&P 500 Index rising nearly 1.5%, and the VIX fear index hovering around 27. U.S. President Trump seems to be reassessing some of his more aggressive actions on trade and the Fed. "Now that the market has regained a significant portion of lost ground, it can continue this momentum," said David Lowe, Chief Investment Officer of investment firm Abound Financial. "While the market's recovery won't be a straight line, seeing the market begin to price in a post-tariff environment is encouraging." Bets that the Fed will cut rates earlier than expected have boosted the stock market.

Fed Governor Waller said that if tariffs lead to job losses, he would support a rate cut. Meanwhile, Cleveland Fed President Hamrick said that if there is clear evidence of economic trends, officials could take action as early as June. (FXStreet)