Breaking News: Powell Ignites Market Surge with Major Announcement! đ¨
1ď¸âŁ Powellâs Bold Statements:
đ¸ Jerome Powell shook the markets today, revealing that the US Federal Reserve is set to lower interest rates! đ
đ¸ His confidence is soaring as he believes inflation is on track to hit the 2% target!
đ¸ Powell also acknowledged the labor market is cooling down from its overheated state.
đ¸ The size of the rate cut will depend on incoming data and the economic outlook. The Fed is ready to act!
2ď¸âŁ Market Reactions:
đ Bitcoin skyrocketed by over 1%, reaching a new high of $61,900!
đ Nasdaq (+1.7%) and S&P 500 (+1.2%) surged, while gold climbed 1%!
đ 10-year Treasury yield dropped by 5 basis points to 3.80%.
đĽ The US Dollar index took a hit, sliding by 0.6%!
3ď¸âŁ Rate Cut Speculation:
đ Will it be 25 or 50 basis points? Market whispers suggest a cut, but the odds of a 50bps move just jumped from 24% to 32.5%!
4ď¸âŁ Eyes on Data:
đ All eyes are on the upcoming August employment and inflation reportsâthese will be the final pieces of the puzzle for the Fedâs decision.
Powellâs words have set the stage for a potential game-changing rate cut! The markets are on fire, but the next move depends on the data. Stay tuned for more market-shaking updates! đĽ#