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Fed Chairman Jerome Powell’s ambiguity around the start date of any tapering in bond purchases this year is giving investors plenty of confidence that continued easy-monetary policy will be in place for at least weeks, if not months. Friday’s Jackson Hole speech by Powell — colloquially referred to as “Jackson Hold” — is what’s established the current investing tone: It’s why money continued to flow Monday into Treasurys and U.S. stocks, with the S&P 500 SPX, +0.58% and Nasdaq Composite COMP, +1.00% indexes touching fresh intraday record highs, some analysts said.
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