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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مصدر: ABC - 🏆 471. / 51 اقرأ أكثر »

European stocks set to open lower as hopes of a Fed rate cut fadeEuropean stocks are set to open lower Tuesday as diminished hopes of a rate cut from the U.S. Federal Reserve this month continues to dampen investor sentiment.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Asia stocks fall to two-week low as hopes fade for big Fed rate cut, tech stocks dragAsian stocks fell to their lowest levels in two and a half weeks on Tuesday as h... US economy doing great. Stock markets disappointed.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »