Breaking News: Powell Ignites Market Surge with Major Announcement! 🚨
1️⃣ Powell’s Bold Statements:
🔸 Jerome Powell shook the markets today, revealing that the US Federal Reserve is set to lower interest rates! 📉
🔸 His confidence is soaring as he believes inflation is on track to hit the 2% target!
🔸 Powell also acknowledged the labor market is cooling down from its overheated state.
🔸 The size of the rate cut will depend on incoming data and the economic outlook. The Fed is ready to act!
2️⃣ Market Reactions:
🚀 Bitcoin skyrocketed by over 1%, reaching a new high of $61,900!
📈 Nasdaq (+1.7%) and S&P 500 (+1.2%) surged, while gold climbed 1%!
📉 10-year Treasury yield dropped by 5 basis points to 3.80%.
💥 The US Dollar index took a hit, sliding by 0.6%!
3️⃣ Rate Cut Speculation:
🔍 Will it be 25 or 50 basis points? Market whispers suggest a cut, but the odds of a 50bps move just jumped from 24% to 32.5%!
4️⃣ Eyes on Data:
📊 All eyes are on the upcoming August employment and inflation reports—these will be the final pieces of the puzzle for the Fed’s decision.
Powell’s words have set the stage for a potential game-changing rate cut! The markets are on fire, but the next move depends on the data. Stay tuned for more market-shaking updates! 🔥#
