Powell says slowing labor market prompted rate cut, sees 'challenging situation' ahead

Fed delivers expected rate cut, but risks remain

"The Federal Reserve cut its benchmark rate by 0.25 percent Sept. 17, a move fully anticipated by markets. Mortgage rates barely moved, and the 10-year Treasury yield hovered near 4.02 percent, essentially unchanged from the day before."

'Challenging situation': Powell claims need for 'cautious' position on interest rate reductions * WorldNetDaily * by Ireland Owens, Daily Caller News Foundation

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Powell stresses ‘challenging situation’ for Fed as rate debate intensifies - Hawaii Tribune-Herald

Jerome Powell, the chair of the Federal Reserve, on Tuesday underscored the “challenging situation” confronting the central bank as it contended with higher inflation and a weaker labor market, even as he signaled his support for further interest rate reductions.

Powell says Fed will go cautiously with rate cuts

WASHINGTON — Federal Reserve Chair Jerome Powell signaled a cautious approach Tuesday to future interest rate cuts, in sharp contrast with other Fed officials this week who called for a more urgent approach.

Fed’s Jerome Powell Signals Cautious Approach To Future Rate Cuts

by Ireland Owens at CDN - Federal Reserve Chairman Jerome Powell on Tuesday signaled that he is taking a cautious stance on future interest rate cuts. Powell said during a speech at an event in Rhode Island that the Fed is presently facing a “challenging situation” due to inflation risks and lower employment. His comments come after the Fed announced last … Click to read the rest HERE-> Fed’s Jerome Powell Signals Cautious Approach To Future Rat…

FBM KLCI holds above 1,600 level amid pullback

KUALA LUMPUR: There was mild profit-taking pressure on Bursa Malaysia following recent comments by the US Federal Reserve chair on interest rates that led to a pullback in global equities.