Reported 2 days ago
Markets reacted negatively after Federal Reserve Chair Jerome Powell indicated a slower pace of interest rate cuts than previously expected, highlighting uncertainty over future economic conditions. Despite some disappointment, bullish investors remain optimistic about the underlying strength of the U.S. economy as they anticipate fewer rate cuts in 2025. Powell's comments raised concerns over potential volatility and emphasized a return to heightened data dependency as the Fed navigates an uncertain economic landscape.
Source: YAHOO