Powell Pushes Back on Rate-Cut Bets, But Markets Push Back Harder 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.
Powell brushes off rate-cut bets as Fed moves carefully spokesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokesman.com Daily Mail and Mail on Sunday newspapers.
A slowing US economy and fall in the inflation rate have raised expectations among investors that the central bank could begin to cut rates as soon as March.
Powell signaled that Fed officials expect to leave interest rates steady when they meet Dec. 12-13, giving themselves more time to evaluate the economy.