Stock indices grew after the decline at the beginning of the week

Wall Street indexes rose sharply on March 2 after the chairman of the Federal Reserve System by Jerome Powell made it clear that the central bank would probably increase interest rates in March not as much as some investors were afraid.

Powell, speaking in Congress, said that he was inclined to support raising rates on 25 basic points in March, disagreeing concerns about the possibility of more aggressive increase.

Now traders see the 95 percent probability of increase of 25 basic Points at the Fed meeting in March. All 11 sectoral indices of S & P 500 have grown, and the shares of financial companies jumped by 2.6% after a sharp drop this week. The bank’s index recovered by 3% after the lowest level from September 2021 at the previous session.

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