- Nordstrom jumps on upbeat 2022 forecast
- Powell says appropriate to hike rates by 25 bps in March
- Indexes end: Dow +1.79%, S&P 500 +1.86%, Nasdaq +1.62% (Updates following end of session with price moves)
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.
Powell's comments, in testimony to the U.S...

Most people tend to overestimate their skills, whether it's changing an electrical outlet or managing their own finances.
73% of Americans consider themselves to be better-than average drivers
65% of Americans think they have above-average intelligence
Behavioral finance has a name for this ego-driven tendency: overconfidence bias.
Let's find out whether the theory is true or not together
Source:
Fundamentals of behavioral finance: Overconfidence bias