Reported 2 days ago
Federal Reserve Chair Jerome Powell emphasized the need for patience regarding interest rate cuts, stating that the central bank is not in a rush amidst ongoing policy uncertainties impacting the economy. In a recent speech, Powell noted that the labor market remains solid, with job growth exceeding expectations, but highlighted concerns over trade and immigration policies affecting market stability. Wall Street firms have started to revise their growth forecasts lower, indicating a potentially challenging economic environment ahead.
Source: YAHOO