Federal Reserve Preparing More Interest Rate Cuts WASHINGTON – Federal Reserve Chair Jerome Powell signalled Monday that more interest rate cuts are in the pipeline. However, their size and speed will depend on the evolution of the economy. Recent Fed Actions Earlier this month, the Fed followed up with a larger-than-usual half-point cut. Investors onFederal Reserve Leader Powell Affirms Strong US Economy and Anticipates Further Interest Rate Reductions
A Bit of a Kerfuffle in the Markets On Wednesday, the Federal Reserve did precisely as the investors requested by slashing interest rates by an unexpected 50 basis points. Yet, the dramatic cut failed to thrill the markets. Although stocks initially soared after the announcement, they soon plummeted, with all three major U.S. indices endingStock Market Declines Following Unprecedented Fed Rate Reduction: Expert Analysis
Market Mayhem: Inflation Strikes Again Stocks took a bit of a thrashing after an unexpectedly brisk inflation report. This spurred predictions that the Federal Reserve may tread cautiously with rate cuts. Consequently, the chances of a gentle economic landing seem to be diminishing. Impact Across Sectors Financial, Industrial, and Energy Companies Lead Decline The S&PMarkets Drop Amid CPI-Driven Economic Concerns: Weekly Update