According to The Kobeissi Letter analyzing the significance of Federal Reserve Chairperson Jerome Powell's speech today: "Today's speech shows that their priority has shifted to supporting the labor market. Changes in the balance of risks may require policy adjustments, and he explicitly refers to the labor market.
Therefore, the jobs report will determine future interest rate cuts. "
Analysis: Powell indicates that the Federal Reserve's priority has shifted to supporting the labor market, and interest rate decisions will be determined by employment data
2025-08-22 16:48:16
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