Today FED/ Powell said rate cut will start in September.
Month ago In my communty told rate cut will be in September. Today same powell said. As still major concern for him is job market and infalation.
In start of year of year he said three rate cuts will
Be this year. Untill now there is no rate cut.
This statement is bullish for market. Green candles are result of this statement.
Once regular rate cut will start market will make new highs.
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