Federal Reserve Official Signals 'Rate Cut Wind,' U.S. Stocks Rise Intraday

On Thursday, April 24th, U.S. stocks witnessed an upward trend during the trading session. At one point, the Nasdaq soared by more than 2%, the S&P 500 Index increased by nearly 1.5%, and the VIX fear index remained around 27. U.S. President Trump appears to be reevaluating some of his more assertive actions regarding trade and the Federal Reserve. "Now that the market has regained a substantial portion of the lost ground, it has the potential to continue this upward momentum," said David Lowe, the Chief Investment Officer of investment firm Abound Financial. "Although the market's recovery will not be a linear path, observing the market starting to factor in a post-tariff environment is encouraging." Bets that the Federal Reserve will implement rate cuts earlier than anticipated have provided a boost to the stock market. Fed Governor Waller stated that if tariffs result in job losses, he would be in favor of a rate cut. Meanwhile, Cleveland Fed President Hamrick indicated that if there is clear evidence of economic trends, officials could take action as early as June. (FXStreet)