Fed/Powell:

🗣️We will continue to make decisions from meeting to meeting. As the economy improves, monetary policy will be adjusted to best meet our objectives.

🗣️A lot of data has come in since the last meeting and we have decided that a 50 basis point cut is the right thing to do.

🗣️If the economy remains strong and inflation persists, we may slow the pace of rate cuts

✒️Ekotürk