Inflation Measure Dips: Powell Cautious after Fed Progress on Cutting Rates – The New York Times
New York City – Investors experienced a mix of emotions in the stock market today following comments made by Federal Reserve Chair Jerome Powell. Powell expressed cautious optimism about the progress made in combating inflation, hinting at the need for more confidence before considering any rate cuts. While Powell acknowledged some evidence of falling inflation, he emphasized that further data is necessary to support any decision to adjust rates. The murmurs in the financial world …