Reported about 10 hours ago
On Monday, investors adjusted a portion of Friday's market fluctuations brought about by Federal Reserve Chair Jerome Powell's dovish pivot, which suggested a possible rate cut next month. While the dollar strengthened, Wall Street experienced a downturn, particularly with the Dow decreasing by 0.8%. Concurrently, Chinese stocks surged, reaching a decade-high amid positive market sentiment. The article explores Powell's recent comments in light of economic indicators and the political pressures he faces.
Source: YAHOO