November 15, 2024
Jerome Powell brought investors back to reality.
- Comments from Federal Reserve Chairman Jerome Powell dampened market optimism and halted the S&P 500’s rally.
- Oil prices fell 2.6% to $68.55, reflecting concerns over global economic growth and market volatility.
- China’s inflation hit a four-month low, with October’s CPI rising 0.3%, signaling weak domestic demand despite government stimulus efforts.
