US stocks rallied after another impressive ISM services index suggests that part of the economy remains healthy and as Treasuries rally after the Fed’s monetary policy report said “high inflation is not becoming entrenched.” Wall Street has had a lot of Fed speak to digest over the past week, but it seems clear that traders believe we are very close to the peak despite all these signs of a resilient economy.
03-03-2023 14:07 GMT
by Edward Moya
