*S&P 500 NOTCHES BEST WEEK SINCE LATE JANUARY AS MARKET RALLY REVIVES - $DIA $SPY $QQQ 🇺🇸🇺🇸
NEW YORK - Wall Street rallied on Friday to end a volatile week, as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year.
"It continues to be all about the Fed and how gracefully they can slow the economy," said David Carter, managing director at JPMorgan Private Bank in New York."The Fed is telling markets what they want to hear but also injecting the caution that rates may need to go higher depending on the economic data."
"It’s an indication that a shift is transpiring," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut."And a lot of people are suspect of it, but they don't want to be left behind."
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