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The Fed’s Powell said the phrase ‘downside risks’ six times in his press conference yesterday—is that bad news for tomorrow’s jobs number?
fortune.com/2025/07/31/the-feds-powell-said-the-phrase-downside-risks-six-times-in-his-press-conference-yesterday-is-that-bad-news-for-tomorrows-jobs-number
Markets in Europe and Asia are broadly up this morning with the exception of China, where stocks fell on news of an unexpected deterioration in manufacturing. S&P 500 futures are up nearly a full percentage point, premarket, suggesting that Wall Street very much liked Fed chair Jerome…
This story appeared on fortune.com, 2025-07-31 10:51:06.