🟢 Powell (FED Chairman) justified the initial 0.5% cut due to the strong start of a cycle of cuts, considering that the American market is quite solid and inflation is under control.
🟢 He also argued that there is no rush to cut interest rates, but a commitment by the FED not to be left with the "short tail" (behind), although this is not the case.
🟢 This is not the new pace, but just the beginning of the interest rate cut trajectory.
