Fed Chair Powell signals cautious approach, keeping rates steady amid economic uncertainties

From Financial Modeling Prep: 2025-06-25 09:01:00

Federal Reserve Chair Jerome Powell reassured Congress of the Fed’s cautious approach in light of economic uncertainties. The U.S. economy is stable, with a 4.2% unemployment rate and moderate job growth. Inflation has eased but remains above target. Tariffs pose a risk, impacting inflation and rate cut decisions. Markets react optimistically, but await further economic data for clarity.



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