Powell predicts unemployment 'likely to go up,' and stock market dips after his worrying predictionn

Federal Reserve Chair Jerome Powell warned that unemployment is "likely to go up," signaling potential turbulence ahead for the U.S. economy.
His remarks spooked investors, leading to an immediate dip in the stock market as fears of a slowdown intensified. The prediction underscores ongoing concerns about inflation control, interest rates, and economic stability. Markets and job seekers alike are bracing for what could be a challenging period ahead. #EconomicOutlook #PowellPrediction #MarketReaction