Fed chief lifted Wall Street – Economy

exchange Signals of the US Federal Reserve The US Federal Reserve has caused a sharp rise in the stock markets in New York.

Fed Chairman Jerome Powell said Wednesday in a speech that the outlook for the US economy was still solid and that interest rates were "just below" neutral, that is to say of a level that neither stimulates nor slows down the economy.

Investors interpret it as a more cautious rise in interest rates in the future.

The climb was wide. Microsoft's share rose 3.7% and was exceeded for a time by Apple's market capitalization. However, Apple's share rose 3.9%, after the high sales figures of the latest Iphon model.

Tiffanys was unfavorable, with jewelry chain sales having been worse than expected in the third quarter. The share was 11.8%.

The Dow Jones Industrial Index rose 2.5%, the Nasdaq Composite 3.0% and the S & P 500 2.3%.