Reuters Stocks rallied on Wednesday after Federal Reserve Chair Jerome Powell told Congress that trade and global growth concerns "continue to weigh on the US economic outlook." Powell’s comments tempered concerns that excellent US employment figures might lead the Fed to take an expected interest-rate cut off the table. "Jerome Powell’s outlook on the domestic […]
Stocks are dipping on fears the Fed might hold off on cutting interest rates — it’s ‘all investors care about’
Reuters Stocks dipped Wednesday ahead of Federal Reserve Chair Jerome Powell’s testimony in front of Congress, as traders worried he might signal interest rates won’t be cut this month as expected. "Jerome Powell’s outlook on the domestic economy and his comments on whether a rate cut is needed at this stage is all investors care […]