November 15, 2024
Jerome Powell Gave Investors a Reality Check
- Comments from Federal Reserve Chair Jerome Powell dampened market optimism and halted the S&P 500’s upward momentum.
- Oil prices fell by 2.6%, reaching $68.55, due to concerns over global economic growth and increased market volatility.
- China’s inflation hit a four-month low, with October’s CPI rising by just 0.3%, reflecting weak domestic demand despite government stimulus efforts.
