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Market Whiplash as Jobs Report Undermines Powell’s Less Hawkish Speech

The Breakdown

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Powell's Comments on the Fed's Blackout

The S&P 500 soared nearly 4%. NASDAQ outpaced even that with a 4.5% rise. The Fed blackout period before this month's meeting starts on Saturday, so this was one of the last chances for Powell to deliver market guidance. And while the market had that strong positive sentiment, not everyone was convinced.

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