💥 POWELL'S STATEMENT SUMMARY 💥
▪️The BALANCE SHEET will continue to SHRINK at the current rate
▪️The #SP500 FELL at the press conference MORE than it had GONE with the announcement of the cut...
▪️INFLATION "still above the 2% target", but #Powell affirms that it is on track for the target
▪️The #fed believes that the ECONOMY is "STRONG overall"
▪️The FED affirms that the labor MARKET is SOLID
▪️ The LABOR market is now less restricted than before the pandemic
▪️The ECONOMY is in good shape and growing at a good pace while INFLATION is down.
Why is a 0.5% cut necessary if the economy is “strong” and everything is as nice as they claim⁉️
🔹 It is clear that the FED is fighting to not have a RECESSION and they don't want to say it..
🔹 Actions speak louder than words
🔹 The last two times the Fed made the first 0.50% cut was in 2001 and 2007 BEFORE BIG FALLS in the SP500
Source: Tech Con Catalina
