Reported 6 days ago
The U.S. stock market's post-election rally, fueled by Donald Trump's victory, faced challenges after Federal Reserve Chair Jerome Powell suggested that interest rate cuts won't be happening soon due to the economy's resilience. This has sparked concerns among investors about potential future interest rate hikes, leading to a decline in major stock indexes. Commentary from Powell and other Fed officials, along with rising Treasury yields, indicate that stock investors could remain sensitive to shifts in the bond market as they navigate the uncertainty surrounding Trump's economic policies.
Source: YAHOO