Stocks are dipping on fears the Fed might hold off on cutting interest rates — it's 'all investors care about'

Stocks dipped Wednesday ahead of Federal Reserve Chair Jerome Powell's testimony in front of Congress, as traders worried he might signal interest rates won't be cut this month as expected. "Jerome Powell's outlook on the domestic economy and his comments on whether a rate cut is needed at this stage is all investors care about," said Konstantinos Anthis, head of research at ADSS. Excellent US employment figures have fueled concerns a rate cut might be taken off the table.

Stocks dipped Wednesday ahead of Federal Reserve Chair Jerome Powell's testimony in front of Congress, as traders worried he might signal interest rates won't be cut this month as expected. "Jerome Powell's outlook on the domestic economy and his comments on whether a rate cut is needed at this stage is all investors care about," said Konstantinos Anthis, head of research at ADSS. Excellent US employment figures have fueled concerns a rate cut might be taken off the table.

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