📣 Jerome Powell's Latest Statements on Monetary Policy: Key Points:
🇺🇸 Interest Rates: The Federal Reserve will proceed with caution before deciding to lower interest rates. Ensuring stability and accuracy in timing is crucial.
🇺🇸 Labor Market: Any unexpected weakening in the labor market will prompt immediate action from the Federal Reserve.
🇺🇸 Timing of Rate Cuts: There is a clear awareness of the risks associated with both premature and delayed interest rate cuts.
🇺🇸 Wage Increases: Current wage increases are on a downward trend towards sustainable levels but still exceed equilibrium levels.
🇺🇸 Inflation Target: Inflation might return to the Fed's 2% target by the end of next year or possibly the following year.
🇺🇸 Independence of the Fed: Powell emphasized the importance of the Federal Reserve’s independence amidst ongoing political conditions.
🇺🇸 Government Deficit: The US government deficit is large and unsustainable. Addressing this issue sooner rather than later is imperative.
🇺🇸 Unemployment Rate: A 4% unemployment rate is still considered very low. Stabilizing the unemployment rate at the correct levels is crucial.
🇺🇸 Inflation Outlook: Inflation should be at or below 2% a year from now.
Stay informed and stay tuned for more updates on the Federal Reserve’s monetary policy path.
#US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #Megadrop #MtGoxJulyRepayments #BinanceTournament