Bloomberg: US Stocks Rally With Boost From Microsoft’s Surge; Chips Jump

"The chairman’s comments delivered a “credibility shock,” according to Corpay Cross-Border Solutions strategist Karl Schamotta, as Warsh said that “‘this Fed will not waver’ in its commitment to lowering inflation, but then argued the central bank did not necessarily need to raise rates to bring prices down,” contending higher bond yields had effectively tightened monetary policy."

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