Fed Official's Remarks Spark Market Surge

Stock Market Surges on Federal Reserve Hints; Hyatt Hotels, MasterCraft, MGM Resorts Benefit - The stock market experienced a significant boost following optimistic comments from New York Federal Reserve President John Williams, suggesting a potential interest rate cut. This led to a doubling of the likelihood of a rate cut in December, driving up shares of Hyatt Hotels, MasterCraft, and MGM Resorts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.