When Wall Street closed Wednesday Wednesday, the Dow Jones index increased by 2.5 percent. This is the largest single index increase since March 26th.
Dow now has 25,257 points.
The recovery comes after central bank chief Jerome Powell earlier said the interest rate in the US is now almost neutral. It is understood that Powell says it will slow down the growth rate of interest rates.
"Interest rates are still low in the historical context, and they are well below the level of many estimates indicating that it is neutral for the economy, which means that interest rates do not accelerate or slow down the growth of the economy, said Powell, according to Marketwatch.
Prior to that, Pauel's speech, while at the Economic Club in New York, has so far been the most important of several US media.
The statements led to the American stock market stopping, and in a matter of hours, quite a normal day of trading became a real incentive. In addition to the strong slowdown of Dow Jones, Nasdaq Composite rose 2.95% and S & P 500 2.30%.
And Dow Jones and S & P 500 are now on the positive ground for November, which this month was a turbulent month on the stock market.
The global stock market is linked to interest rates in the US. Rising interest rates and increased borrowing costs can help reduce global growth and income from the economy, although it is still very cheap to borrow.
In addition, the slow international trade between the United States and, in particular, China was a source of market turmoil.
At the same time, Europe's economic growth has slowed down, and the International Monetary Fund (IMF) has revised forecasts for global economic growth.