Following remarks from New York Fed President John Williams, markets fluctuated slightly before recovering on Friday. Performance of the Dow Jones Industrial Average and the Nasdaq marked a consecutive seven-week gain – while notable, the jump was preceded by dovish comments from President Powell on Wednesday. Commodities, bonds, and digital currencies closed strong; the latter saw participation broaden due to softened interest rates and indications of an impending soft-landing phase. The markets ultimately held steady – the Dow closed at a new record, and the 4PM close placed US indexes at the following: the
