LATEST NEWS ABOUT THE FED!!!
Last night, when we Vietnamese went to bed, the next speech of FED Chairman Goolsby made the market really explode!
FED Goolsby said that inflation was moving in the expected direction and rising unemployment had caused the FED to pivot its policy and make ensuring the job market a top priority!
FED Goolsby also hinted that the FED would cut interest rates many times:
- First, he talked about the interest rate cut cycle, meaning that the next September is just the beginning
- Second, he talked about the FED's long-term interest rate target of 3%, meaning that in 2024 and 2025, we will have about 8 interest rate cuts
However, you guys don't need to follow this part too much because in general, the market's fear of recession is still there, especially when the FED has guaranteed to lower interest rates!
As soon as bad news about the economy comes out, the market will fall again, but with the abundant amount of money waiting, it will recover very quickly, so in the second half of this year, whenever there is FUD, buy more.
