The New York Stock Exchange reacted positively to today’s statements by Fed President Jerome Powell, who left open the possibility of reducing interest rates In the future to support the labor market, while the dollar and bonds are receding.

“The initial market reaction to the speech of the Federal Bank’s president (…) was extremely positive,” Briefing.com analysts summed up.

The shares of the main companies were already on positive territory and recorded even greater rise after Powell’s statements. Around 18.10 (Greek time) the Dow Jones industrial index recorded a 1.85%rise, having previously broken a new intra -conference record, reaching 45,668.02. The index Nasdaq High -tech companies records +2.03% and the S&P 500 +1.58%.

The dollar, which was fixed in the morning, fell 1.04% against the euro and 0.92% against the pound.

Powell surprised the markets, stating that the possibility of “rapid” deterioration in the US labor market could not be ruled out, which would justify the change of monetary policy. He noted, however Fed It is facing a “sensitive situation” because the new duties imposed by the US government are starting to become sensible at the prices paid by consumers and there is a risk of inflation.

His statements caused a decline in public bonds: the two -year bond yield passed from 3.68% to 3.78% while at 4.33%, while on Thursday it closed at 4.25%.

“Macroeconomic prospects should persuade the Fed to cut interest rates at its meeting on September 17,” at 4-4.25%, LPL Financial analyst Jeffrey Rowets noted. He noted that most market players are awaiting this development. “On the other hand, in the long run, the structural changes of the (American) economy have created uncertainty about the rate of interest rates,” he added.