Stocks Bounce After Fed's Williams Says He Sees No Rate Hikes in 2027 | Closing Bell
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Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Hema Parmar, Carol Massar and Tim Stenovec. Stocks bounced from session lows as speculation the Federal Reserve won’t be forced to raise rates aggressively offset lingering worries about elevated oil prices and the outlook for artificial intelligence. While the S&P 500 closed little changed, most of its firms rose after Fed Bank of New York President John Williams said he still sees one more hike as appropriate this year, but currently doesn’t believe it will be necessary to lift rates again in 2027. Bond yields fell. A selloff in chipmakers waned, also helping sentiment. Microsoft Corp. rose to a record. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http:/
Tags: Carol Massar, Hema Parmar, Scarlet Fu, Tim Stenovec
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