Wall Street jumped on Friday after Federal Reserve Governor Christopher Waller said inflation was tame enough that the central bank could cut rates at its next meeting. This came two days after the FOMC kept rates steady for the fourth time and raised the inflation forecast for 2025.The Dow Jones Industrial Average climbed over 200 points or about 0.5% just after the opening bell. The tech-heavy Nasdaq Composite increased 0.6%.The S&P 500 gained 0.4% to trade above 6,000 points. All but one of the 11 sectoral indices were trading in the green, led by energy and real estate.Among major companies, shares of AMD, Super Micro Computer, Warner Bros Discovery, Netflix and Apple were trading higher. Accenture, Eli Lilly and Cognizant were down.Fed Chair Jerome Powell said on Wednesday that the central bank was in no hurry to cut benchmark rates and would remain data dependent, especially as it remains unclear how Trump’s tariffs will impact the economy. US markets were closed on Thursday.The yield on the 10-year Treasury bond was up two basis points at 4.41%.The US dollar weakened against major currencies. The dollar index fell 0.2% to 98.71. While the euro and pound gained against the greenback, the yen slid.Spot gold prices were flat at $3,368.7 an ounce.International benchmark Brent oil dropped 3% to $76.4 per barrel after President Donald Trump said he would hold off deciding on an Iran strike.Oil Drops As Trump Signals Iran Strike Decision Within Two Weeks. Read more on Markets by NDTV Profit.