Federal Reserve Chair Jerome Powell delivered a blunt message for investors who have assumed the central bank would be on cruise control toward a third rate cut in December: Not so fast.
NegativeFinancial Markets

Federal Reserve Chair Jerome Powell has sent a clear warning to investors who are banking on a third rate cut in December, stating that it's not a certainty. He highlighted the current economic landscape, where consumer spending remains strong, but hiring has shown signs of slowing down. This message is crucial as it indicates that the central bank is taking a cautious approach, which could impact market expectations and investment strategies.
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