đ„ POWELL'S STATEMENT SUMMARY đ„
âȘïžThe BALANCE SHEET will continue to SHRINK at the current rate
âȘïžThe #SP500 FELL at the press conference MORE than it had GONE with the announcement of the cut...
âȘïžINFLATION "still above the 2% target", but #Powell affirms that it is on track for the target
âȘïžThe #fed believes that the ECONOMY is "STRONG overall"
âȘïžThe FED affirms that the labor MARKET is SOLID
âȘïž The LABOR market is now less restricted than before the pandemic
âȘïžThe ECONOMY is in good shape and growing at a good pace while INFLATION is down.
Why is a 0.5% cut necessary if the economy is âstrongâ and everything is as nice as they claimâïž
đč It is clear that the FED is fighting to not have a RECESSION and they don't want to say it..
đč Actions speak louder than words
đč The last two times the Fed made the first 0.50% cut was in 2001 and 2007 BEFORE BIG FALLS in the SP500
Source: Tech Con Catalina