The Federal Reserve is leaning towards further interest rate cuts amid rising unemployment concerns, but divisions remain among officials about inflation risks. Discover the implications for borrowers and the economy.
Jerome Powell announces the Fed's first interest rate cut of the year, citing weakening labor market conditions. As inflation risks remain, Powell emphasizes a careful balance in policy decisions.
Stock futures remained steady as the Federal Reserve kept interest rates unchanged amidst rising inflation and unemployment risks. Fed Chair Powell warned of economic uncertainty, leaving investors anxious about a potential recession.
