Stocks Extend Rebound Rally on Dovish Williams Remarks

However, other Fed comments today were hawkish. Boston Fed President Susan Collins said that holding interest rates steady would be "appropriate for now" as inflation is likely to stay elevated for some time. Also, Dallas Fed President Lorie Logan said, "With two rate cuts now in place, I'd find it difficult to cut rates again in December unless there is clear evidence that inflation will fall faster than expected or that the labor market will cool more rapidly."Stocks and bonds garnered support today from ...