Stocks End Mixed as Powell Signals Delayed Rate Cuts U.S. stocks experienced fluctuations following Federal Reserve Chair Jerome Powell’s cautionary remarks indicating that interest rate cuts may be delayed due to persistent inflation concerns. During a discussion at the Wilson Center, Powell expressed that recent data did not bolster confidence in quickly reaching the Fed’s 2% inflation target, suggesting a more prolonged period of high rates. This led to mixed results in the stock market, with the Dow slightly up by 0.2%, while the S&P 500 and Nasdaq both declined. Concurrently, the 2-year Treasury yield briefly crossed the 5% mark, underscoring the market’s reaction to the anticipated continuation of restrictive monetary policy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Goolsbee Signals Readiness for Rate Cuts as Inflation Eases READ MORE Middle East Tensions Rise: Recent Strikes Near U.S. Base in Syria Escalate Ongoing Conflict READ MORE Gold Hits New Heights, Eyes $2,200 Milestone Amid Rate Cut Speculation READ MORE Gold Prices Rise for Fifth Week Amid Iran-Israel Tensions READ MORE World Bank Raises Global Growth Forecast to 2.6%, Citing U.S. Economic Strength READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment