Thanks to the encouraging data on fading inflationary pressures and steady economic growth, the Federal Reserve downshifted its rate hikes to 0.25 percentage points, marking a further deceleration in the central bank’s war on inflation.
Moreover, the U.S. job market outpaced expectations by adding an astonishing 517,000 jobs in January, crushing the Dow Jones estimate of 187,000. According to Janet Yellen, a recession is near impossible, given the historically low unemployment rate.
