Reported 3 days ago
U.S. stocks have gained confidence following the Federal Reserve's recent assurance regarding interest rates and inflation, despite President Trump's discontent with their pace. The Fed's cautious attitude towards potential rate cuts and a significant shift in their balance sheet management has drawn attention, especially as the economy grapples with rising trade tariffs and an aging workforce nearing retirement. Analysts warn that the current stock market downturn may delay retirement plans for many and potentially impact unemployment rates, as a record number of Baby Boomers are set to turn 65 this year.
Source: YAHOO