Fed Chair Jerome Powell continues delivering his opening remarks at 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:
- Powell says Fed committed to maintaining economy’s strength
- Powell says labor market not a source of elevated inflation pressures
- U.S. Federal Reserve Cuts Interest Rates 50-Basis Points
- Federal Reserve cuts federal funds rate by 50 basis points
- Fed median projection for end 2024 Federal funds rate falls to 4.4%