Powell Warns on Inflation: Stock Market Snaps Losing Streak – What Investors Need to Know!
Chicago, Illinois – After a six-day losing streak, the Dow Jones Industrial Average managed to snap back into positive territory. This turnaround came as Federal Reserve Chair Jerome Powell gave a warning about potential inflation concerns. Powell’s remarks on inflation came as stock futures edged higher, following the S&P 500’s third consecutive day of losses. The Fed Chair also dialed back expectations for interest rate cuts, which had been a point of speculation among investors. …