The Federal Reserve's decision to cut rates was seen as necessary for achieving maximum employment and price stability, despite the murky outlook due to Trump's trade proposals.
Chair Jerome Powell expressed optimism about the current economic situation, stating, 'I feel very good about where the economy is... I expect another good year next year.'
However, he highlighted concerns over uncertainty, saying, 'We just don't know really very much at all about the actual policy,' referring to Trump's potential tariffs.
The market reacted negatively to the Fed's announcement, with the Dow Jones falling over 1,100 points as investors digested the implications of future rate cuts.
Collection
[
|
...
]