CAC 40 Drifts Lower On Valuation Concerns, Rate Uncertainty




French stocks are showing some weakness on Wednesday amid apprehensions about the outlook for Fed rate cuts, and Fed Chair Jerome Powell's comments that equity valuations are high.A few Fed officials, including Michelle Bowman, Raphael Bostic and Austan Goolsbee are concerned about growing risks to the labor market, while others remain primarily worried about the possibility that above-target inflation could be pushed higher by tariffs and other policies.The benchmark CAC 40 was down 20.34 points or 0.26% ...