Powell's Speech: Economy Stable, Rate Cuts Uncertain

Jerome Powell's recent speech revealed a cautiously optimistic Fed, hinting at a possible end to quantitative tightening while emphasizing a meeting-by-meeting approach to interest rate cuts due to persistent inflation. Despite sluggish job growth, the overall economy appears more stable, but Powell's remarks triggered mixed market reactions. Experts suggest trade tensions and technical factors may be bigger market drivers than Fed policy, with investors now eyeing tech earnings season for market direction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.