Reported about 13 hours ago
Fed Chair Jerome Powell indicated that future rate cuts are not guaranteed, challenging market expectations following a recent quarter-point reduction. In a press conference, he emphasized the uncertainty facing the Fed due to inflation and labor market conditions, suggesting a cautious approach amidst limited data. Despite differing views within the Fed and a backdrop of a government shutdown affecting data availability, Powell maintained that decisions will remain data-driven as the Fed navigates potential decisions in the coming months.
Source: YAHOO