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Stock Markets Today Live Updates: Jerome Powell says more good data would strengthen case for rate cuts by Federal Reserve
In the latest market news today, Federal Reserve Chair Jerome Powell has indicated that more positive economic data could bolster the case for rate cuts by the Federal Reserve. After a slow start to the year in terms of progress towards the 2% inflation objective, recent monthly readings have shown modest further progress.
This announcement comes amidst a backdrop of uncertainty in the global markets, with investors closely watching for any signals from central banks regarding monetary policy. Powell’s comments have the potential to impact market sentiment and the direction of key indices like the Nifty 50 and Sensex.
As investors digest this news, it will be interesting to see how the markets react and whether there will be any immediate implications for sectors that are sensitive to interest rate changes. Stay tuned for more updates on this developing story.
