Today the Federal Reserve cut interest rates by 0.25%. That choice was made, not because the US economy is great but because the Fed is concerned about the weakening jobs market. During his press conference to explain the rate cut decision, Fed Chairman Jerome Powell talked about the need to prop up the job market to ensure people can find a job and ensure wages continue to keep up with inflation. He also made it a point several times to mention that President Trump’s tariffs are absolutely cont

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Federal Reserve Chair Jerome Powell discusses the Fed’s 25-basis-point rate hike, and its projected impact on banks following the collapse of SVB and Signature Bank. https://yhoo.it/42MrAWj | Yahoo Finance | Facebook