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đš Breaking News: Powell Ignites Market Surge with Major Announcement! đš
1 Powellâs Bold Statements: đž Jerome #Powell shook the markets today, revealing that the US Federal Reserve is set to lower interest rates! đ đž His confidence is soaring as he believes **inflation** is on track to hit the 2% target! đž Powell also acknowledged the **labor market** is cooling down from its overheated state. đž The size of the rate cut will depend on incoming data and the economic outlook. The Fed is ready to act!
2⣠**Market Reactions:** đ **Bitcoin** skyrocketed by over 1%, reaching a new high of **$61,900**! đ **Nasdaq** (+1.7%) and **S&P 500** (+1.2%) surged, while **gold** climbed 1%! đ **10-year Treasury yield** dropped by 5 basis points to 3.80%. đ„ The **US Dollar index** took a hit, sliding by 0.6%!
3⣠**Rate Cut Speculation:** đ Will it be **25** or **50 basis points**? Market whispers suggest a 25bps cut, but the odds of a 50bps move just jumped from **24% to 32.5%**!
4⣠**Eyes on Data:** đ All eyes are on the upcoming **August employment** and **inflation reports**âthese will be the final pieces of the puzzle for the Fedâs decision.
**Powellâs words have set the stage for a potential game-changing rate cut! The markets are on fire, but the next move depends on the data. Stay tuned for more market-shaking updates!** đ„
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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