POWELL SPEECH: TIME IS APPROACHING FOR A RATE CUT
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
Key takeaways
"Some people examined the case today for moving at this meeting."
"But overwhelmingly the sense of Committee was not at this meeting, but at next meeting if data supports it."
"No question that is now our base case."
"The time is approaching for a rate cut."
"Chances of hard landing are now."
"It's neither overheating or sharply weakening economy."
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.