💯💯💯Must read Latest News: Powell Triggers Market Surge with Big Announcement! 🚨🚨🚨
Powell's Bold Statement: Jerome #Powell rocked the markets today, revealing that the US Federal Reserve will lower interest rates! His confidence is soaring because he believes **inflation** is on track to reach the 2% target! Powell also acknowledged the labor market was cooling from its overheated state. The size of the interest rate cut will depend on incoming data and the economic outlook. The Fed is ready to act! Market Reaction Bitcoin rocketed more than 1%, $BTC
hitting a new high of $61,900 The Nasdaq (+1.7%) and S&P 500 (+1.2%) jumped, while gold rose 1% The yield on the 10-year Treasury bond fell 5 basis points to 3.80%.The US Dollar Index took a hit, plummeting by 0.6%! Interest Rate Cut Speculation .Will it be 25 or 50 basis points Market whispers suggest a 25bps cut, but the odds of a 50bps cut instead jumped from 24% to 32.5%.Attention to Data All eyes are on the August employment report and the upcoming inflation report— this will be the final piece of the Fed's decision puzzle. Powell's words have set the stage for a potential game-changing rate cut! Markets are volatile, but next steps depend on data and world conditions as well as the pace of economic growth.
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