Wall Street

Stock Market Today – 5/26: Stocks Rally On Fed Minutes ‘Pause’ Hint, But Growth Concerns Linger

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The Street

By Martin Baccardax The Fed’s suggestion of an autumn pause in rate hikes has stocks on the move Thursday, but growth concerns are keeping bond yields low while adding a degree of caution to the early market rally. U.S. equity futures moved higher Thursday, while Treasury bond yields continued to slide and the dollar eased against its global currency peers, as investors weighed the impact of the Federal Reserve’s inflation fight against a mixed of challenges facing the global economy. Minutes from the Fed’s May 4 policy meeting, published yesterday afternoon, showed a broad consensus for 50 ba…

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