New York CNN —
President-elect Donald Trump’s favorite barometer of his success — the stock market — had been humming since his reelection. Business-friendly promises of deregulation and tax cuts got investors excited with anticipation of unlocked profit and easy money. And then reality set in this week.
But Federal Reserve Chair Jerome Powell in a press conference Wednesday reminded markets who’s boss: The Fed said inflation will remain higher than expected next year, and that it is now pricing in just two rate cuts in 2025, rather than the four it had expected during its previous
→ Continue reading at CNN - Business News
