Traders Daily – Why the Dow Jones Ran 608 Points

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Business woman are checking stock market

Yesterday was a nice change of direction.

The Dow Jones exploded 608 points.  The NASDAQ was up 204.  The S&P 500 soared 61.  All thanks to the Federal Reserve.

Federal Reserve Chairman Jerome Powell said the outlook for the U.S. economy remains solid and that interest rates are nearly within a “neutral range.”  That means that while the Fed may raise interest rates in December 2018, it’s not overly concerned about inflation.

That tells us rates may not rise as quickly as many h...

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