Fed's Cautious Stance on Rate Cuts Weighs on Markets

Federal Reserve Chair Jerome Powell signals a slow approach to interest rate cuts, affecting stock market and investor expectations.

Major U.S. stock indexes, including the Dow, S&P 500, and Nasdaq, are on track for weekly losses as optimism from the post-election rally fades.
Fed Chair Jerome Powell's comments suggest a deliberate pace in lowering interest rates, citing ongoing economic strength and inflation above the 2% target.
Investors have reduced the probability of a December rate cut from 80% to around 58%, influenced by Powell's remarks and strong retail sales data.
Large-cap tech stocks, including Nvidia, Microsoft, and Apple, saw declines, while Tesla shares rose despite policy uncertainties regarding electric vehicle tax credits.
Bitcoin and Disney shares experienced gains, with Bitcoin reaching $90,053 and Disney benefiting from strong earnings and a positive outlook.