1. Policy Adjustment:

- "The time has come for Fed policy to adjust."

- Signals a shift in the Federal Reserve's approach.

2. Labor Market Support:

- The Fed "will do everything" to maintain a strong labor market.

- Emphasis on preventing further weakening in employment.

3. Inflation Confidence:

- Increased confidence that inflation is heading towards the 2% target.

- Inflation has significantly declined, aligning with the Fed's goals.

4. Changing Risk Balance:

- The balance of risks concerning Fed mandates has shifted, suggesting a new approach to economic management.

The Fed Pivot is Here 🚨

- Market Reaction:

- Markets surged sharply on this news, now less than 1% away from new all-time highs.

- The long-awaited Fed pivot, anticipated by markets for over a year, is now official.

Stay tuned as we cover all developments in real-time! 📈