The narrative on Wall Street is shifting. But now, fear is starting to take hold, as concerns mount that the Fed may not be acting quickly enough to keep America’s job market in good shape. Powell warned Wednesday that cracks are starting to form in the labor market. But America’s economy remains undeniably strong. And Wall Street seems unfazed by Vice President Kamala Harris’ surprise frontrunner status for the Democratic presidential nomination.

Source: CNN August 02, 2024 01:46 UTC