đŸ’„ POWELL'S STATEMENT SUMMARY đŸ’„

â–ȘThe BALANCE SHEET will continue to SHRINK at the current rate

â–ȘThe #SP500 FELL at the press conference MORE than it had GONE with the announcement of the cut...

â–ȘINFLATION "still above the 2% target", but #Powell affirms that it is on track for the target

â–ȘThe #fed believes that the ECONOMY is "STRONG overall"

â–ȘThe FED affirms that the labor MARKET is SOLID

â–Ș The LABOR market is now less restricted than before the pandemic

â–ȘThe ECONOMY is in good shape and growing at a good pace while INFLATION is down.

Why is a 0.5% cut necessary if the economy is “strong” and everything is as nice as they claim⁉

đŸ”č It is clear that the FED is fighting to not have a RECESSION and they don't want to say it..

đŸ”č Actions speak louder than words

đŸ”č The last two times the Fed made the first 0.50% cut was in 2001 and 2007 BEFORE BIG FALLS in the SP500

#btc

Source: Tech Con Catalina