Fed Rate-Cut Pause May Last With Economy On 'Firm Footing'; S&P 500 Wavers (Live Coverage)
Market Intelligence Analysis
AI-PoweredThe Federal Reserve has paused interest rate cuts, citing a 'firm footing' for the economy, and Chairman Powell signaled a longer pause in rate adjustments, leading to a mixed market reaction.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
The Federal Reserve left interest rates unchanged, as expected, but made a slightly hawkish adjustment to its policy statement. Federal Reserve Chairman Jerome Powell, during his 2:30 p.m. ET news conference, didn't seem concerned about inflation but also signaled a longer rate pause, saying policymakers are "well-positioned here." The S&P 500 remained fractionally lower as Powell spoke after eking out a record closing high on Tuesday.
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