Fed Chair Powell is discussing the dual mandate to promote maximum employment and stable prices.
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’