Powell's notable announcements:
🔸 Jérôme Powell shook the markets by announcing that the US Federal Reserve is considering cutting interest rates soon! 📉
🔸 He expressed confidence that inflation is on track to reach the Fed's 2% target.
🔸 Powell also noted that the labor market is showing signs of slowing after a period of strong activity.
🔸 Rate cuts will depend on upcoming economic data, but the Fed is ready to step in if needed!
Market reactions:
🚀 Bitcoin jumped more than 5%, hitting a new high of $64,000!
📈 The Nasdaq rose 1.7%, while the S&P 500 gained 1.2%. **Gold** also gained 1%!
📉 The 10-year Treasury yield fell 5 basis points, settling at 3.80%.
💥 The **US Dollar Index** fell by 0.6% on this announcement!
Expectations of rate cuts:
🔍 The big question: 25 or 50 basis points? Speculation is leaning towards a 25 basis point cut, but the probability of a 50 basis point cut has jumped from 24% to 32.5%!
4⃣ Pay attention to the following indicators:
📊 The upcoming August employment and **inflation** reports will be crucial for the Fed's next decision.
Powell’s remarks could well mark a major turning point for monetary policy. Markets are buzzing, but much will depend on the data to come. Stay tuned for more updates that could shake up the markets! 🔥
#PowellAtJacksonHole #fed #Binance
