News list for "Powell Talk"
Powell's words turned cautious, and the golden day turned from up to down! South Korea and the United States reached a trade agreement, and Nvidia became the first company with a market value of more than 5 trillion dollars... What major events happened in the world last night and this morning?
The market's expected "sequential interest rate cuts" were poured cold water. The Federal Reserve cut interest rates as scheduled, but Powell turned cautious. He stressed that the December interest rate cut is not a DingTalk on the board, and the data vacuum needs to move forward cautiously and slowly. Click to view...
On July 31st, when asked about the negative votes of Federal Reserve Governors Bowman and Waller in the interest rate decision, Federal Reserve Chairperson Powell said that most members of the FOMC believe that it is appropriate to maintain a moderately restrictive stance given that inflation is above target. The two opponents clearly explained their thinking, and we want to see that clarity of thought and expression, and we all saw that today.
Federal Reserve Chairperson Jerome Powell, speaking on the economic outlook, said the labor market appears to be roughly in balance by many indicators and is not a significant source of inflationary pressure. Today's jobs report showed the unemployment rate at 4.2 percent in March, still at its lowest level since the start of last year. In Quarter 1, payrolls grew by an average of 150,000 jobs per month. The combination of low layoffs, slowing job growth and labor force growth has kept the unemp...
