Reported about 18 hours ago
A stronger-than-anticipated inflation report for January 2025 has led markets to revise their forecasts for Federal Reserve interest rate cuts, now predicting only one reduction later in the year. Fed Chair Jerome Powell emphasized the need for continued cautious policy, noting that inflation remains a concern. The unexpected rise in the Consumer Price Index has intensified scrutiny on the Fed's future actions, especially amid trade policy changes and political pressures for rate reductions.
Source: YAHOO