The Federal Reserve indicated cuts to interest rates may be coming soon but provided no specific timing. U.S. stock indexes rallied, with the S&P 500 jumping 1.4% and erasing weekly losses, the Dow rising about 716 points and nearing a record, and the Nasdaq up roughly 1.6%. Investor hopes for rate cuts were fueled by a weak jobs report and pressure from President Trump for lower rates. The Fed noted rising risks of a weakening job market while describing labor market conditions as "a curious kind of balance." Tariffs retain the potential to push inflation higher, and the Fed cited stability in unemployment and labor measures as justification for proceeding carefully on policy changes.
it is a curious kind of balance
the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance.
Collection
[
|
...
]