The Dow rose 484 points, or 1.2%, on Monday.
At one point earlier in the afternoon, the Dow was up more than 600 points.
This week, investors will get another look at US inflation data, starting Wednesday morning with the Consumer Price Index report.
The Fed has kept interest rates high to bring price hikes under control.
Because consumer spending makes up the vast majority of America’s economy, the Fed almost always plunges the economy into a recession when it hikes rates — although that’s obviously not the goal.
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Dow, Fear, That’s, —, It’s
Organizations:
CNN — Investors, Dow, Nasdaq, CNN, Fed
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America