Fed Chair Jerome Powell and FOMC Update Interest Rate Outlook, Raising Concerns for Wall Street
The Federal Open Market Committee (FOMC) left the federal funds target rate unchanged at 3.50% to 3.75% during its final meeting under Jerome Powell's leadership. However, the updated outlook suggests a lack of support for rate cuts, raising concerns about the stock market's vulnerability. The shift in leadership and policy direction may impact Wall Street significantly.
Topics: Federal Reserve FOMC Interest Rates Jerome Powell Market Outlook