Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
U.S. financial markets experienced declines following remarks from Federal Reserve Chair Jerome Powell indicating uncertainty about an interest rate cut in September. Powell's comments dampened investor expectations for a rate reduction at the upcoming Federal Reserve meeting, leading to a retreat in equities and a slump in U.S. Treasury yields. Despite earlier gains during the trading session, stocks closed notably lower as market participants adjusted their outlook in response to the Fed's stance on monetary policy.
US stocks ended well off earlier highs as Fed Chair Jerome Powell dampens expectations the central bank might be poised to cut rates at its September meeting https://t.co/c2oJPzUMOp https://t.co/2FqsHa22ma
WATCH: US stocks ended well off earlier highs as Fed Chair Jerome Powell dampens expectations the central bank might be poised to cut rates at its September meeting https://t.co/max00BN3ph https://t.co/AOvioJA2kx
Equities retreat as Powell dampens Fed Sept cut hopes https://t.co/10xMzr1YHV https://t.co/10xMzr1YHV
