Fed Signals Pause, Markets Rally | US News

Stocks surged Thursday as Fed Governor Christopher Waller signaled openness to pausing rate hikes if inflation cools, sparking renewed optimism and pulling Treasury yields lower. Traders slashed odds of a September rate hike from over 60% to around 50%. While major indexes rallied, earnings reports added fuel—Nvidia’s $13B Hugging Face acquisition and Snowflake’s strong revenue forecast lifted tech stocks, even as some sectors lagged. Friday’s jobs report, expected to show 56K new jobs and steady unemployment, will be the next big test for the Fed’s path forward. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/87ba12fa21d37b64