The S&P 500's significant rise to a new all-time high showcases the tech sector's strength and investor confidence, amidst prevailing economic uncertainties.
Powell's remarks underscore a delicate balance: while advocating caution in rate cuts, he reassures that current monetary plans remain unchanged.
Despite a jobs report falling short of expectations, the labor market's capacity continues to suggest the need for ongoing monetary support from the Fed.
Overall, the positive sentiment in the market, combined with a flexible approach from the Fed, indicates a hopeful outlook for economic growth despite potential challenges.
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