But don’t bet on it reducing your costs in the near term.
According to Alex Harring and Carmen Reinicke of CNBC, Stocks climbed Wednesday as Federal Reserve Chair Jerome Powell confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign that has weighed on markets. The Dow Jones Industrial Average was up 730 points, or 2.2%, to 34,587. Meanwhile, the tech-heavy Nasdaq Composite jumped 4.2% to 11,468. The S&P 500 added 2.7% to 4,079.
How do you make sure you are sourcing your cost of goods, expense, and capital projects in the current market? Contact SafeSourcing Inc. We source it all for our customers more often than you probably do and know the current market levers to pull. We’re glad to share some recent examples when you reach out.
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For more information, please contact a SafeSourcing Customer Services Associate.
- Alex Harring and Carmen Reinicke of CNBC