A speech where the central bank chief Jerome Powell opened the door ajar for a reduction of the interest rate in September was received with open arms by Wall Street.
Prior to the speech in Jackson Hole in Wyoming, the broad S&P 500 index had risen 0.4 percent, the technology-heavy Nasdaq's composite index 0.2 and the Dow Jones industrial index 0.7 percent.
But half an hour after Powell said that the situation "can motivate" a reduction, the S&P 500 had climbed to a plus of 1.4 percent, while the Nasdaq's composite index and the Dow Jones industrial index had both gone up 1.6 percent.
Also in Stockholm, the news was received with pleasure. The stock exchange is at a plus of 1.4 percent, compared to just under 1 percent before the speech.
