Washington, Nov 15, 2024 (AFP) - US stocks continue decline on rate cut pause prospects

NAMPA / AFP

2024-11-15

US stocks finished lower Friday, as traders contemplated a slower path of rate cuts in the wake of comments from Fed Chair Jerome Powell. Powell said Thursday that the Fed was in no hurry to cut rates, raising traders' concerns that there may not be a rate cut next month. "Certainly Powell's speech has triggered some skepticism about the path of rates, with potentially December being a skip instead of another cut," Edward Jones senior investme......

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