America 🇺🇸 News & Politics

🏦📊FED DELAYS MARCH RATE DECISION AS INFLATION CONCERNS RESURFACE 🔹 Federal Reserve pushes back planned March rate cut citing "persistent core inflation above target" at 3.2% 📈 🔹 Powell signals cautious approach: "Data dependency remains paramount" as housing costs surge 15% annually 🏠 🔹 Wall Street reacts negatively: Dow drops 340 points, tech stocks tumble on higher-for-longer rate outlook 📉 🔹 Consumer spending shows resilience despite credit card delinquencies hitting 8-year high of 4.6% 💳 Markets betting on single rate cut by December instead of aggressive spring easing cycle originally expected 📅 #Fed#interestrates#inflation#Powell#economy @america