💔 Here is a summary of what the US Federal Reserve Chairman said

🌠 Interest has been installed:

✅ Previous: 5.50%

✅ Estimate: 5.50%

✅Current: 5.50%

❤️ Result: The interest rate on the US dollar was fixed.

🔴 Negative for the dollar.

🔴Very positive for Bitcoin.

🌠Unemployment rates have risen and the labor market is witnessing a noticeable slowdown

🌠The American economy is still growing at a strong pace

🌠Inflation is still high and we will continue to work to reduce it

🌠Investment in the housing sector stopped in the second quarter

🌠The labor market has become better balanced

🌠The inflation reading in the second quarter added to our confidence

🌠Inflation remains slightly above the 2% target

🌠Cutting interest rates could be on the table in September...if inflation slows as expected, growth is reasonably strong, and the labor market remains as it is.

🌠I can imagine a scenario of no cuts or several cuts this year, depending on how the economy develops

🌠We have made significant progress on both goals over the past two years

🌠There is a widespread feeling in the FOMC that we are getting close to the goal

🌠All the data is constantly pointing in the direction we want to see

🌠 We're actually in a good place here, and we're balancing the risks

🌠 We don't need to focus on inflation at 100%.