Stock market today: S&P 500 falls as Powell signals careful rate-cut path ahead

Investing.com-- The S&P 500 fell Thursday as Federal Reserve Chair Jerome Powell signaled that the Fed doesn't need to be in hurry to cut rates and could take a careful approach to monetary policy easing.Federal Reserve Chairman Jerome Powell said Thursday that economy isn't signalling a need for speed on rate cuts as the recent strength allows the Fed to take a careful approach to monetary policy decisions.

For the month, the measure came in at 0.2%, accelerating from an upwardly-adjusted 0.1% in September and in line with projections. “The PPI report broadly backs up CPI in terms of a slowing in progress on underlying inflationary pressures. For now, though, the outlook for core PCE is soft enough to keep the Fed on track for another rate cut in December," said Kyle Chapman, FX Markets Analyst at Ballinger Group.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market Today:S&P 500 falls as Treasury yields jump; Boeing, Apple a big dragStock market Today:S&P 500 falls as Treasury yields jump; Boeing, Apple a big drag
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 slips as Treasury yields jump; tech earnings eyedStock market today: S&P 500 slips as Treasury yields jump; tech earnings eyed
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500, Dow in fresh record close as Netflix shinesStock market today: S&P 500, Dow in fresh record close as Netflix shines
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 clinches another record after Fed cuts rates againStock market today: S&P 500 clinches another record after Fed cuts rates again
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock Market Today: S&P500 closes at record high after briefly topping 6,000Stock Market Today: S&P500 closes at record high after briefly topping 6,000
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 slumps as Microsoft, Meta lead tech wreckStock market today: S&P 500 slumps as Microsoft, Meta lead tech wreck
Fuente: Investingcom - 🏆 450. / 53 Leer más »