Fed cuts rates, but Powell plays the Grinch

Update: 2024-12-18

Description

Fed chief Jay Powell said quarter-point cut was close call. (0:17 ) Dot plot sees fewer cuts and higher inflation in 2025. (1:14 ) Stocks plunge as yields, dollar rally. (2:48 )

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Fed cuts rates, but Powell plays the Grinch

#box-pro-ellipsis-173480130999546{-webkit-line-clamp:2;}Fed cuts rates, but Powell plays the Grinch

Fed cuts rates, but Powell plays the Grinch

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Fed cuts rates, but Powell plays the Grinch