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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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He emphasized, however, that "the downside risks to employment appear to have risen."That appears to imply that another rate cut is possible at the Fed's next meeting on Oct. 28-29, even though Powell did say Tuesday that monetary policy will be set meeting by meeting.While policymakers on the Fed's 19-member Federal Open Market Committee have penciled in a median estimate of two more rate cuts for this year, Powell reiterated there is "no risk-free path" as the Fed tries to navigate balancing bringing inflation down with keeping a healthy job market."I will stress again that these projections should be understood as representing a range of potential outcomes whose probabilities evolve as new information informs our meeting-by-meeting approach to policymaking," Powell said in a speech in Philadelphia at the National Association for Business Economics.Federal Reserve Chair Jerome Powell. (Reuters/Elizabeth Frantz/File Photo) · REUTERS / ReutersDespite a government shutdown, which has delayed the release of important data such as the jobs report, Powell said that based on the data the Fed does have, "the downside risks to employment appear to have risen" and shifted policymakers' assessment of the balance of risks."While official employment data for September are delayed," he added, "available evidence suggests that both layoffs and hiring remain low, and that both households' perceptions of job availability and firms' perceptions of hiring difficulty continue their downward trajectories."On the inflation side, the Fed chair said private-sector data and surveys continue to show that increases in the prices of goods primarily reflect tariffs rather than broader inflationary pressures.Read more: How jobs, inflation, and the Fed are all relatedThe Bureau of Labor Statistics will release a government measure of inflation — the Consumer Price Index — on Oct. 24, despite the government shutdown, because the data is required by law to calculate cost-of-living increases for Social Security payments before Nov. 1.Though that is delayed from the initially slated release date of Oct. 15, the Fed will at least have that data in hand for their policy meeting on Oct. 28-29.Powell also said in his speech on Tuesday that the Fed may be approaching the point in the coming months where policymakers can stop their balance sheet runoff, or the allowance of bonds to mature and roll off the Fed's portfolio, thereby decreasing the size of its balance sheet.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,669.69 +14.97 (+0.22%)Dow 3046,382.15 +314.57 (+0.68%)Nasdaq22,648.14 -46.47 (-0.20%)Russell 20002,492.04 +30.62 (+1.24%)VIX19.55 +0.52 (+2.73%)Gold4,161.80 +28.80 (+0.70%)PortfolioSign in to access your portfolioSign inTop gainersNVTS Navitas Semiconductor Corporation 12.75 +2.78 (+27.90%)CRML Critical Metals Corp. 28.96 +5.68 (+24.40%)ERIC Telefonaktiebolaget LM Ericsson (publ) 9.83 +1.65 (+20.26%)ORLA Orla Mining Ltd. 13.47 +1.98 (+17.25%)FLNC Fluence Energy, Inc. 18.69 +2.80 (+17.62%)Top losersALAB Astera Labs, Inc. 170.41 -29.12 (-14.60%)DGNX Diginex Limited 23.28 -2.42 (-9.42%)ZLAB Zai Lab Limited 29.02 -2.22 (-7.09%)TKC Turkcell Iletisim Hizmetleri A.S. 5.53 -0.38 (-6.51%)GRND Grindr Inc. 12.48 -0.76 (-5.74%)Most activeBITF Bitfarms Ltd. 5.79 +0.40 (+7.41%)BBAI BigBear.ai Holdings, Inc. 9.08 +0.27 (+3.06%)NVDA NVIDIA Corporation 183.50 -4.83 (-2.56%)PLUG Plug Power Inc. 3.8900 -0.0100 (-0.26%)NVTS Navitas Semiconductor Corporation 12.75 +2.78 (+27.90%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 112,628.03 -2,377.34 (-2.07%)TMQ Trilogy Metals Inc. 9.59 +3.03 (+46.14%)ALAB Astera Labs, Inc. 170.92 -28.61 (-14.34%)NVA Nova Minerals Limited 63.94 +29.78 (+87.18%)NVTS Navitas Semiconductor Corporation 12.83 +2.85 (+28.64%)Top economic events