New York Stock Exchange Started the Week with an Increase: Dow Jones and Nasdaq Upwards.

Rise Trend at the Opening of the New York Stock Exchange

Today, investors faced a positive picture at the opening of the New York Stock Exchange. The Dow Jones index rose by 0.37% to 45,922.98 points, refreshing investors' hopes. Meanwhile, the S&P 500 index increased by 0.49% to reach 6,571.23 points, and the Nasdaq index succeeded in gaining 0.56%, reaching 22,202.32 points.

Fed's Statements Are Guiding the Markets

The declines in the indices experienced during the previous trading day were associated with uncertainty regarding the interest rate cuts by the Federal Reserve (Fed) and concerns over high valuations in asset pricing. However, in the last trading day of the week, a recovery is being observed in the markets.

Williams Emphasizes Interest Rate Cuts

New York Fed President John Williams stated that the weakening observed in the labor market provides room for interest rates to be lowered again in the short term. Williams noted that downward risks to employment are increasing while risks related to inflation are decreasing. This situation indicates that monetary policy has become restrictive.

Possible Changes in the Fed's Interest Rate Policy

Williams stated, "Therefore, I still see room for an additional adjustment in the federal funds rate target range in the near term to bring the policy stance closer to a neutral range. This way, we can maintain the balance of our targets regarding interest rate cuts," which drew investors' attention.

Market Expectations

Following Williams' statements, the pricing in the markets gained momentum as the likelihood of the Fed making an interest rate cut at the December meeting exceeded 70%. These developments have led investors to closely monitor the Fed's future policy decisions.