Stocks end lower after Powell throws cold water on hopes for December interest-rate cut
The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.
Fed Chair Powell delivers blunt take on interest rates
Related: Despite interest rate cuts, mortgage rates rise for home buyers So it's happened this week. Both the Consumer Price ...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
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Dow Jones falls 200 points, while S&P 500, Nasdaq drag post Powell remarks
The so-called Trump Trades also continued to lose steam with Tesla shares dropping another 6%, while the smallcap index ...