Listen: Jay Powell, Federal Reserve And Chairman discussed on 10 10 WINS 24 Hour News
"Stocks posted modest mid week gains. The Dow Jones industrials rose thirty eight points, more than a tenth of a percent, twenty six thousand five hundred four the NASDAQ closed thirty three points or four tenths percent higher the S and P five hundred gained nine points or three tenths percent. The stage may be set for lower short-term interest rates. The Federal Reserve left rates unchanged today. But chairman, Jay Powell says economic uncertainties have increased and indicated. Right cuts may be in order soon. Many participants believe that some cut in the federal funds rate will be appropriate in the scenario that they see as most likely Powell said, it is important than monetary policy, not overreact, twenty single bit"