🔰US Federal Reserve Chairman Jerome Powell:

-Risks are two-sided, and decisions will be made at each meeting separately.

Monetary policy will shift over time towards a more neutral stance if the economy develops broadly as expected.

The American economy is in good shape, and we intend to use our tools to keep it there.

We have made good progress towards restoring price stability without a painful rise in unemployment rates.

-Business conditions are strong and the labor market is roughly balanced.

-The 50 basis point rate cut reflects growing confidence that appropriate policy recalibration can maintain labor market strength and push inflation toward target.

-The contraction is broad-based, and recent data suggest further progress toward a sustainable return to 2%.

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