When Federal Reserve Chair Jerome Powell shut down investor hopes for a March interest rate cut on Wednesday, he also made an observation about the economy that many Wall Street stock bulls have been saying for months.
“We feel like inflation is coming down,” Powell said. “Growth has been strong. The labor market is strong.”
And perhaps most importantly, Powell said the…
This story from finance.yahoo.com was posted on 2024-02-05 by @softsky.