Is Powell Snubbing Interest in 2nd Fed Rate Cut?
The rate cut that investors fretted would never come finally arrived last week, which, of course, means it’s time for … fretting about the next cut. US markets fell on Tuesday, putting a pin in a record-setting run, after Federal Reserve Chair Jerome Powell gave off a hawkish vibe, insisting the central bank will move cautiously on additional cuts and suggesting that equities are overpriced. READ ALSO: Feast or Fluke? US Home Sales Hit Highest in Almost Four Years and Tether Poised to Join Ranks of World’ ...