What was said:
Fed chairman Powell...has announced
the long awaited rate cut....Will come by September:
According to powell the timing and module of cuts will "depend on incoming data," that is to say it would be based on the coming markets trend and response...
Before we go on if you appreciate my work I do for free please up vote me VOTE
The impact on market trend
This was seen as a good omen as the market quickly moved to fully price in four rate cuts of 0.25% today being Friday after the Fed chair said the central bank has "ample room" to maneuver as policy enters its next phase.
Follow for daily updates
