WASHINGTON D.C. – The Dow Jones Industrial Average turned negative following comments from Federal Reserve Chair Jerome Powell. In his recent speech, Powell emphasized the Federal Reserve’s cautious approach to reducing interest rates.

Powell stated, “The Fed would move slowly on rate cuts,” highlighting the careful consideration being given to economic conditions.

As a result, the markets initially started strong but began to show signs of decline as the hour progressed. Investors are now closely monitoring the situation and awaiting further updates.

Stay tuned for more information as we continue to track market developments in the coming hours.

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