Fed's Powell Warns of Inflation Risks and Market Valuations
TL;DR Summary
US stocks declined after Fed Chair Jerome Powell signaled cautiousness on rate cuts and highlighted that equities are 'fairly highly valued,' leading to a pullback from recent record highs amid concerns over inflation and valuation levels.
- Stock market today: Dow, S&P 500, Nasdaq slide after Powell flags Fed's challenge, 'highly valued' stocks Yahoo Finance
- Fed Chief Powell says stock prices appear 'fairly highly valued' CNBC
- Powell Describes Rates as ‘Modestly Restrictive,’ Keeping Door Open to Cuts The Wall Street Journal
- Fed can’t ignore the risk of higher inflation, Powell says CNN
- Fed Chair Powell says rising inflation and slow hiring pose 'challenging situation' ABC News - Breaking News, Latest News and Videos
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