Dow drops 350 points
The Dow drops 350 points after Fed chair Jerome Powell signals a slow approach to interest rate cuts
The Dow Jones Industrial Average (DJIA) dropped more than 350 points Monday afternoon after Federal Reserve Chair Jerome Powell said that more interest rate cuts were coming, but that the central bank is not in a rush to “cut rates quickly.
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Stock market today: Dow, S&P 500 slip to end month, quarter as Powell sets stage for slower rate cuts
US stocks wavered on Monday but were still set for strong monthly and quarterly gains as investors reacted to Federal Reserve Chair Jerome Powell vowing to do what it takes to keep the economy humming, while signaling he won't rush future rate cuts.
Fed Chair Powell Says the US Economy Is in 'Solid Shape' With More Rate Cuts Coming
Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed would depend on the evolution of the economy
Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming
Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy
Fed’s Jerome Powell hints at more rate cuts as inflation slows but warns of ‘two-sided’ risks
The US economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and “over time” reach a level that is no longer holding back activity,
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