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 Inflation Shows Signs of Cooling Off, But Concerns Remain High READ MORE Supercore Inflation Surge Signals Tough Road Ahead for Fed READ MORE Here's what JP Morgan, Citi, and Bank of America are Predicting for the Gold Price READ MORE Truist Shares Why Gold Still Has More Upside READ MORE Oil Prices Climb Amid Favorable Market Conditions and Supply Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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