S&P 500 Snaps Losing Streak as Powell Signals Rate Cuts Ahead

Thursday, 4 April 2024, 01:16
The S&P 500 index broke its two-day losing streak as Federal Reserve Chairman, Powell, reiterated the possibility of interest rate cuts later this year despite a strong economy. Powell's remarks hint at a cautious approach by the Fed to support economic growth amidst global uncertainties.

S&P 500 Snaps Losing Streak: Powell Forecasts Interest Rate Cuts

Powell: A strong economy doesn't change Fed's expectation for interest rate cuts later this year.

  • Market rebounds as Powell signals possible rate adjustments.
  • Fed Chair stresses the need for monetary policy flexibility.
Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe