News Update: Fed Chair Powell Signals Policy Shift đ
âKey Points from Powell's Remarks (8/23/24):
đPolicy Adjustment: The Fed is ready to shift its approach.
đLabor Market Focus: Commitment to maintaining a strong labor market; no tolerance for further weakening.
đInflation Confidence: Inflation is moving toward the 2% target, with significant declines noted.
đ„Market Impact:
Markets are up sharply, nearing new all-time highs as the long-awaited Fed pivot is now official. đ
