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Wall Street Reacts To Powell Unleashing His Inner Dove

Powell Keeps Rate Cuts on Table But Leaves Timing Less Certain

(Bloomberg) Federal Reserve Chair Jerome Powell kept hopes alive for an interest-rate cut this year while acknowledging that a burst of inflation has reduced policymakers’ confidence that price pressures are ebbing.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Econo

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Economists used the business cycle to predict what's next. It doesn't work so well anymore.

Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer

Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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An Early Morning Strike On Iran

Plus: After first-quarter data came in hotter than expected, the U.S. economy enters uncharted territory.

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