"Powell's Comments Send US Stocks Tumbling: Live Market Updates"

Despite Federal Reserve chair Jerome Powell indicating that a rate cut in March is unlikely, stock market bulls remain optimistic due to strong economic data. Powell emphasized that a strong labor market and economic growth are no longer primary concerns for the Fed in determining rate cuts. This shift in perspective means that good economic news is now seen as positive for the stock market, as it indicates increased business activity. Analysts believe that the Fed's potential rate cuts are more likely to be driven by falling inflation rather than economic weakness, maintaining a bullish outlook for stocks in the long term.