Fed Chair Jerome Powell signals job market, inflation outlook could allow for interest rate cut
1. Jerome Powell indicates shifting risks in the U.S. economy. 2. Inflation trends are deviating from the Fed's 2% target. 3. Labor market shows downside risks with potentially rising unemployment. 4. Market anticipates a higher probability of a 25-basis-point rate cut. 5. Stock market reacted positively, indexes up over 1% post-speech.