🔥🔥🔥 POWELL: WE ARE READY FOR SEPTEMBER INTEREST REDUCTION‼️
➡️ FED Chairman Powell signaled an interest rate cut in September. However, the Fed's statements on July 31 and Powell's speech did not provide a clear guide for the future.
➡️ FED President Jerome Powell gave hints about a possible interest rate cut in September in his statements on July 31. In his prepared response, Powell stated that an interest rate reduction policy could be discussed for September:
“(The Fed) could potentially discuss bearish policy at its next meeting in September at the earliest. "We're close to where we have appropriate decline policy, but we're not there yet."
➡️ Other notable points in Powell's speech included future economic uncertainties and inflation-fighting strategies. The decisions taken at the FOMC meeting are closely followed by the markets and Powell's statements are seen as an important guide for investors.
🔥🔥🔥 While Powell left the door ajar for a rate cut in September, he did not offer a definitive guide. Markets and investors continue to carefully monitor the Fed's next steps!!
