Reported about 19 hours ago
As the stock market struggles with recent volatility, all eyes are on Federal Reserve Chair Jerome Powell's upcoming policy decision and economic forecasts, which are critical for restoring investor confidence. With fears of stagflation—characterized by stagnant growth and persistent inflation—looming, Powell's reassurances and the Fed's projections will play a crucial role in calming market jitters. Recent surveys indicate a growing belief among investors that stagflation is imminent, leading major financial institutions to lower their growth targets and revise down outlooks for the S&P 500, emphasizing the uncertainty around economic policy and trade.
Source: YAHOO