🇺🇸 US Stocks Dip as Powell Signals a Cautious Fed

US markets edged lower after Fed Chair Jerome Powell suggested the central bank will proceed cautiously on rate cuts, as it navigates a delicate balance between a softening labor market and persistent inflation.

“Near-term risks to inflation are tilted to the upside, and risks to employment to the downside ,a challenging situation,” Powell said.
“Two-sided risks mean that there is no risk-free path.”

Investors are now bracing for a more measured and data dependent Fed, with no guarantees of a cut in the upcoming policy meetings.

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