The mood on Wall Street just got better really quickly
CNN
Investors may still be nervous about the Delta variant and Afghanistan. But Federal Reserve Chair Jerome Powell eased many worriers on Friday when he signaled that the central bank is not going to hit the panic button anytime soon over inflation concerns.
Wall Street sentiment has improved dramatically in the past few days after Powell hinted that the Fed will take a cautious approach to eventually cutting back — or tapering — its program of bond purchases that have helped keep long-term interest rates low. The CNN Business Fear & Greed Index briefly hit "greed" territory late Monday before sliding back into neutral mode Tuesday morning.More Related News
In her cameo in the 1996 comedy First Wives Club, Ivana Trump offers a witty post-divorce kernel of wisdom: “Don’t get mad, get everything.” The 2024 version of that sentiment, at least among a certain class of billionaire women, might tack on an addendum: Get everything, and give it all away as fast as humanly possible.