just 🐹 are shaved, so that later with the cheaper money they can get high again.🤑
Proekt_73
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The Chairman of the US Federal Reserve, Powell, speaks following the meeting and the decision to lower the interest rate. Key points: - We are focused on two goals – the labor market and inflation. - Inflation is much closer to the 2% target, inflation expectations remain sound. - Today we lowered the Fed's rate forecast, moving towards more moderate pace of reductions. - We can be more cautious as we consider additional adjustments to the Fed's monetary policy. - A too slow reduction in rates could unjustifiably weaken the US economy and the labor market. - The labor market remains stable and has emerged from an overheated state. - The labor market is not a source of inflationary pressure. - Consumer spending is resilient and remains at previous levels, while investment in equipment has increased. - Improved supply has supported high economic performance in the US. - Economic activity is growing at a steady pace, the economy is strong. The most important points are highlighted. Besides the words about slowing the pace of interest rate reductions, there is also a 'safeguard' – the words that it cannot be reduced too slowly either. This is a positive in Powell's rhetoric.
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