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Updated March 25, 2022 8:50 pm ET / Original March 25, 2022 8:45 pm ET
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The Federal Reserve is talking tough about fighting inflation—and the stock market loves it. Don’t expect equities to be so relaxed if Powell & Co. act on their words.
The S&P 500 gained 1.8%, extending its rally for a second week, while the Nasdaq Composite rose 2%. Only the Dow Jones Industrial Average finished the week little changed, up 0.3%. The S&P 500 has now gained 8.1% over the past two weeks, its largest such rally since April 2020.