Investors are worried that the Fed will also continue to act, even though there is already evidence that consumers are starting to feel a one-two punch from higher prices and higher interest rates.
For the second time since the recession, Federal Reserve Chair Jerome Powell announced an interest rate cut. “We took this step to help keep the U.S. Economy strong in the face of some notable developments and to provide insurance against ongoing risks,” said Powell during Wednesday morning’s announcement. Despite pressure from President Trump, who […]
