US stocks take delight in dovish Fed

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Stock bulls appear to have found more comfort in pushing benchmark indices higher, after the Fed’s March meeting minutes showed that policymakers have a consensus that the US economy would need more time to reach a full recovery, as defined by the central bank’s targets for employment and inflation.

Fed Governor Lael Brainard used a TV interview appearance to remind markets that US economy still has over 9 million fewer jobs compared to pre-pandemic levels. Dallas Fed President Robert Kaplan and Chicago Fed President Charles Evans also appear to have downplayed inflation even if it were to… Read More:

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