News
Wall Street closes lower as investors await Powell’s speech
Wall Street ends lower as investors prepare for Powell’s upcoming speech
Wall Street ends lower as investors prepare for Powell’s upcoming speech
In Short:
– Wall Street declined as investors awaited Jerome Powell’s speech on interest rates.
– Economic data raised inflation concerns, influencing market volatility and investor positioning.
– Wall Street declined as investors awaited Jerome Powell’s speech on interest rates.
– Economic data raised inflation concerns, influencing market volatility and investor positioning.
Wall Street experienced a decline as investors braced for Federal Reserve Chairman Jerome Powell’s forthcoming speech.
Market Reaction
Investors are positioning themselves amid uncertainty regarding the Fed’s actions. The S&P 500 and Nasdaq indexes saw notable declines, reflecting growing apprehension. Observers remain divided on whether the Fed will prioritise combating inflation over supporting economic growth in its upcoming decisions.
