Powell says the Fed can now be “more cautious” as it considers more rate adjustments, repeating that the Fed is not on any preset rate course. Fed Chair Jerome Powell is speaking in a press conference following the conclusion of the FOMC policy meeting.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- Fed Chair Powell says U.S. economy ‘strong overall,’ labor market ‘sound’
- Powell says labor market not a source of ‘significant inflationary pressures’
- Fed’s Hammack lone dissenter in vote for rate cut
- Federal Reserve cuts federal funds rate by 25 basis points
- Fed says economic activity ‘solid,’ inflation ‘somewhat elevated’