๐ฃ Jerome Powell's Latest Statements on Monetary Policy: Key Points:
๐บ๐ธ Interest Rates: The Federal Reserve will proceed with caution before deciding to lower interest rates. Ensuring stability and accuracy in timing is crucial.
๐บ๐ธ Labor Market: Any unexpected weakening in the labor market will prompt immediate action from the Federal Reserve.
๐บ๐ธ Timing of Rate Cuts: There is a clear awareness of the risks associated with both premature and delayed interest rate cuts.
๐บ๐ธ Wage Increases: Current wage increases are on a downward trend towards sustainable levels but still exceed equilibrium levels.
๐บ๐ธ Inflation Target: Inflation might return to the Fed's 2% target by the end of next year or possibly the following year.
๐บ๐ธ Independence of the Fed: Powell emphasized the importance of the Federal Reserveโs independence amidst ongoing political conditions.
๐บ๐ธ Government Deficit: The US government deficit is large and unsustainable. Addressing this issue sooner rather than later is imperative.
๐บ๐ธ Unemployment Rate: A 4% unemployment rate is still considered very low. Stabilizing the unemployment rate at the correct levels is crucial.
๐บ๐ธ Inflation Outlook: Inflation should be at or below 2% a year from now.
Stay informed and stay tuned for more updates on the Federal Reserveโs monetary policy path.
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