The stock market ended on a positive note last month, with the major benchmark indexes recording their best month since 2020. Investors’ optimism over better-than-expected corporate earnings and the Fed’s indication of a less aggressive policy tightening depending on economic data primarily drive the recovery.
Chairman Jerome Powell said, “As the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are affecting the economy and inflation.”
