Fed Official's Remarks Spark Market Surge
Update: 2025-11-21
Description
Federal Reserves Rate Cut Hint Boosts Stock Market, Homebuilders, and Mortgage CompaniesThe stock market surged today, driven by comments from Federal Reserve President John Williams suggesting a potential interest rate cut. This news led to a significant increase in the likelihood of a December rate reduction, from around 39% to over 70%. Homebuilders and mortgage companies, such as Rocket Companies, benefited from the news, with their stock prices rising by more than three to seven percent. The bond market also reflected this optimism, with the ten-year Treasury yield easing downward.
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