U.S. Economic Growth Slows
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Fed putReuters
•Business
Business & Economics
Powell says Fed to stay on hold until clarity on tariff impact
72% Informative
Federal Reserve Chair Jerome Powell says U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring.
For now, he says the Fed could keep its benchmark interest rate steady.
" Powell said exactly what I would have expected him to say. He seemed unconcerned that the markets were volatile and down. This volatility will continue until the market knows what this tariffs policy really looks like” “ Powell ’s comments are just confirming what the market has been fearing all along.”.
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