Powell adds that the Fed gets some data and asserts that the labor market is not clearly declining quickly.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 says ‘there were strongly differing views today’ amid FOMC members
- Fed chair says ‘there is no risk free path to policy’
- Fed Chair Powell says rate cut in December ‘not a foregone conclusion’
- Federal Reserve cuts funds rate 25 basis points to 3.75%-4.00%
- Federal Reserve says economic activity expanding at ‘moderate pace’