14:55 EDT Powell says recession odds have moved up, but are ‘not high’
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 too soon to be seeing significant effects from tariffs
- S&P 500 Rallies Even with the Fed’s Interest Rate Hold
- Powell says Fed doesn’t see much increase in long-term inflation expectations
- Powell repeats Fed does ‘not need to be in a hurry’ to adjust policy stance
- Powell says will be difficult to assess how much inflation coming from tariffs