Reported 2 days ago
Federal Reserve Chair Jerome Powell signaled a potential for two more interest rate cuts this year, relieving investor concerns about a looming recession and high inflation. However, experts caution that inflation may not be as 'transitory' as suggested, especially with fluctuating trade policies under the Trump administration, leading to heightened uncertainty about future economic indicators. Despite some market gains following the Fed's announcement, a clear trajectory remains elusive, prompting investors to focus on earning growth rather than merely anticipating Fed actions.
Source: YAHOO