Reported about 16 hours ago
Jerome Powell and the Federal Reserve have shifted focus back to inflation concerns, leading to significant market volatility just as enthusiasm for Donald Trump's economic policies surged. After a hawkish Fed meeting, investor expectations of interest rate cuts diminished, causing the S&P 500 to experience its worst fall on a Fed decision day since 2001. Powell's comments have forced investors to reassess the potential risks associated with inflation that may undermine the gains anticipated from Trump's economic agenda.
Source: YAHOO