Wall Street Pauses as Powell Warns of Economic Challenges
TL;DR Summary
US stocks declined as Fed Chair Jerome Powell signaled cautiousness on rate cuts and highlighted high equity valuations, causing a pullback from recent record highs amid concerns over inflation and economic risks.
- Stock market today: Dow, S&P 500, Nasdaq waver as Powell sees 'challenging situation' ahead for Fed Yahoo Finance
- Stock Market Today: S&P 500, Nasdaq Edge Lower; Fed Chair Powell Speaks — Live Updates The Wall Street Journal
- Federal Reserve Chair Powell on U.S. Economy C-SPAN
- Watch Fed Chair Jerome Powell speak live on interest rates and the economy CNBC
- Wall Street indexes flat; Fed Chair Powell flags challenges Reuters
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