⚡ Jerome Powell (Chairman of #FED ):

✔ The economy is strong.

✔ The labor market remains stable.

✔ Inflation has decreased significantly.

✔ Consumer spending growth remains robust.

✔ Inflation is confidently moving towards the target of 2%.

✔ The Nonfarm Payrolls report would have been better if not for the hurricanes and strikes.

✔ Wage growth has slowed.

✔ Conditions in the labor market are now less tense than before the pandemic.

✔ The labor market is not a source of inflationary pressure.

✔ The risks to the Fed's dual mandate are balanced (inflation/labor market).

✔ The Fed's rate cut will help maintain sustainable economic growth.

❗️The elections will NOT have any impact on the Fed's monetary policy in the near term.

✔ Any new fiscal policy by the Administration or Congress could have significant implications, and the Fed will take these into account.

✔ The growth in government bond yields is currently NOT RELATED to rate expectations. It is a question of supply and demand.

✔ US macroeconomic data improved after the September meeting.