News list for " Powell phase"
The strongest sound of interest rate cuts came from Jackson Hole. Powell cut interest rates a month earlier? The non-farm payroll data was revised sharply, and Wall Street was angry about the "scam"! The dollar is going downhill, and gold is hovering near an all-time high... What stimulus markets did you miss this week?
On August 23rd, Sam Stovall, chief investment strategist at CFRA Research, said that it was a bit surprising that Powell was very clear in his statement that inflation was falling. In addition, the Federal Reserve also believes that inflation will continue to decline, and employment has not been adversely affected. Powell wants to let the market know that the Fed is not behind the curve. By making clear the possibility of a rate cut in September, Powell is actually cutting rates a month earlier....
The strongest sound of interest rate cuts came from Jackson Hole. Powell cut interest rates a month earlier? The non-farm payroll data was revised sharply, and Wall Street was angry about the "scam"! The dollar is going downhill, and gold is hovering near an all-time high... What stimulus markets did you miss this week?
