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US markets finished Thursday in the green, with the three major indexes rebounding from losses earlier in the week. Markets have been jittery of late as doubt has crept in about the Federal Reserve’s readiness to cut rates.

The S&P 500 (^GSPC) closed at yet another record high in 2024. The Nasdaq (^IXIC) fell just short of a new high.

Stocks have risen the past two sessions as the market assessed Powell’s questioning by lawmakers on the economy and monetary policy, which has brought no bad news or surprises. The Fed chief stuck to repeating the message that the central bank is in no hurry to ease policy, though he said rate cuts are likely to come this year.

On Thursday, this time before the Senate Banking Committee, the Fed Chair reiterated the central bank’s intentions on rate cuts, provided inflation data continues to show continued cooling.

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