Reported 4 months ago
Federal Reserve Chairman Jerome Powell has dismissed concerns about stagflation, but growing signs of a second-quarter slowdown and stagnant inflation rates are raising investor doubts. With GDP growth slowing, consumer spending tapering, and signs of economic contraction emerging, the Fed could face challenges if the economy weakens further. Despite the hope for Fed rate cuts to support market gains, uncertainties loom as a result of potential economic weaknesses. This week's labor data will be crucial in determining the Fed's future actions.
Source: YAHOO