S&P 500 Index Rebounds as Fed Officials Hint at Reduced Interest Rate Hike Risk

Key Takeaways U.S. Equities Rebound on Fed Comments In a turnaround, U.S. equities bounced back from earlier losses on Monday, October 9, 2023. The S&P 500 index closed 0.6% higher following remarks from Federal Reserve officials. These comments hinted that the recent surge in Treasury yields might reduce the likelihood of further interest rate hikes … Read more