Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, emphasizing labor market vulnerabilities amidst accelerating inflation. He suggested a cautious approach, citing a shifting balance of risks and a slowdown in job growth. While acknowledging inflation concerns, Powell downplayed the long-term impact of tariffs, signaling a measured path toward easing monetary policy.
US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pauses
US stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Banking
May 27, 2026