▫️🚨 Summary of Jerome Powell's Recent Statements:
- Risks might be opposite, so decisions will be meeting by meeting.
- Our monetary policy will move over time towards a more neutral stance if the economy improves broadly as expected.
- The U.S. economy is robust, and we are committed to using all our tools to keep it robust.
- We've made good progress towards restoring price stability without a painful rise in unemployment.
- The 50 basis point cut reflects growing confidence in our policy framework and that inflation is moving towards our target.
- Recent data suggest further progress towards a sustainable return to 2%.
- My colleagues and I are very confident that inflation is on its way to 2%.
- Labor conditions are tight, and the job market is nearly balanced.
- Nothing indicates we're heading towards a recession.
- The Fed is not in a hurry to quickly cut rates; it will be data-dependent.
- If the economy performs as expected by September, we might see two more 25 basis point cuts.
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