The Dow is hesitating as the Fed announces it may delay rate cuts due to inflation
qz.com › dow-jones-rate-cuts-inflation-federal-reserve-1851414249
This story seems to be about:
This story seems to be about:
After surging on Tuesday morning, the Dow tapped the brakes in the afternoon as the Fed said it needs more time to deal with stubborn inflation—which means interest rate cuts are likely to be delayed. In an address to a policy forum on U.S.-Canada economic relations, Fed Chair Jerome Powell said that recent economic…