#BTC☀
The news has some impact on the market.
Powell has a speech today! ! Speech highlights:
Today (September 30, 2024) at 1:55 am UTC, Federal Reserve Chairman Jerome Powell will deliver an important speech, focusing on three key areas of the US economy and monetary policy.
First, Powell may emphasize the effectiveness of controlling inflation. The current inflation rate is close to the long-term target of 2%, and the Fed recently cut interest rates by 0.45%, which shows that inflationary pressure has eased and the focus can be shifted to promoting growth and stabilizing the economy.
Second, Powell may express concerns about the weak labor market. Recent employment data shows a weakening trend, prompting the Fed to cut interest rates to support employment growth and prevent further slowdown in recruitment and economic activity. This is one of the core points of the speech.
Third, although Powell will talk about the possibility of future interest rate cuts, he will not commit to specific action plans, but emphasize that decisions depend on the latest economic indicators, especially the upcoming employment report, which is crucial to the Fed's policy adjustments.
The speech is being closely watched and will provide valuable insights into the Fed's future policy direction and response to inflation and labor market challenges. Its remarks may set the tone for market expectations in the coming months.
