NY Stock Market Buy Order Increases President Powell's Remarks August 23 23:34
Following the talk by President Powell, the New York stock market on the 23rd increased in buying orders due to expectations for an additional rate cut next month, and the Dow average share price has returned from the previous drop to the close of the previous day's closing price.
On this day, following the announcement that China will implement retaliation duties on imported goods from the United States, the Dow average share price has fallen by more than $ 100 compared to the previous day, but the contents of President Powell's lecture are conveyed As a result, purchase orders increased due to expectations for an additional rate cut next month.
A market official said, “Buy orders increased as a suggestion of additional interest rate cuts, but the direction of monetary policy thereafter was not clearly stated, and there was no big surprise.”