Bazeghar197
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Bullish
๐๐๐๐ฒ๐ฑ ๐๐ต๐ฎ๐ถ๐ฟ ๐๐ฒ๐ฟ๐ผ๐บ๐ฒ ๐ฃ๐ผ๐๐ฒ๐น๐นโ๐ ๐จ๐ฝ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐ฆ๐ฝ๐ฒ๐ฒ๐ฐ๐ต: ๐ช๐ต๐ฎ๐ ๐๐ผ ๐๐
๐ฝ๐ฒ๐ฐ๐
Today, on September 30, 2024, at 1:55 AM UTC, Federal Reserve Chairman Jerome Powell will deliver a much-anticipated speech, addressing several key economic topics. His remarks are expected to focus on three crucial areas of the U.S. economy and monetary policy.First, Powell is likely to highlight the Federal Reserve's success in taming inflation, which is now nearing their long-standing goal of 2%.
To reflect this progress, the Fed recently implemented a 0.45% interest rate cut. This move is significant as it indicates that inflationary pressures have eased enough for the Fed to shift its focus towards promoting growth and stability.
Next on the agenda, Powell will probably express concern over the softening labor market. Recent data has shown signs of weakening employment trends, a factor that has pushed the Federal Reserve to begin cutting interest rates.
By lowering rates, the Fed aims to support job growth and prevent a further slowdown in hiring and overall economic activity. This topic is expected to be a central point in Powellโs speech, as the health of the labor market.
Finally, while Powell might address the possibility of future rate reductions, he will likely refrain from committing to any specific course of action.
Instead, he is expected to emphasize that upcoming decisions will depend on the latest economic indicators, particularly the forthcoming jobs report. This data will be crucial in determining whether the Fed continues on its current path or adjusts its policy in response to changing conditions.
This speech will be closely watched, as it will provide valuable insight into the Federal Reserve's future policy direction and their response to both inflation and labor market challenges. Powellโs comments could set the tone for market expectations in the months ahead.
#FedRateDecisions #FedRateCut #BTCReboundsAfterFOMC
Today, on September 30, 2024, at 1:55 AM UTC, Federal Reserve Chairman Jerome Powell will deliver a much-anticipated speech, addressing several key economic topics. His remarks are expected to focus on three crucial areas of the U.S. economy and monetary policy.First, Powell is likely to highlight the Federal Reserve's success in taming inflation, which is now nearing their long-standing goal of 2%.
To reflect this progress, the Fed recently implemented a 0.45% interest rate cut. This move is significant as it indicates that inflationary pressures have eased enough for the Fed to shift its focus towards promoting growth and stability.
Next on the agenda, Powell will probably express concern over the softening labor market. Recent data has shown signs of weakening employment trends, a factor that has pushed the Federal Reserve to begin cutting interest rates.
By lowering rates, the Fed aims to support job growth and prevent a further slowdown in hiring and overall economic activity. This topic is expected to be a central point in Powellโs speech, as the health of the labor market.
Finally, while Powell might address the possibility of future rate reductions, he will likely refrain from committing to any specific course of action.
Instead, he is expected to emphasize that upcoming decisions will depend on the latest economic indicators, particularly the forthcoming jobs report. This data will be crucial in determining whether the Fed continues on its current path or adjusts its policy in response to changing conditions.
This speech will be closely watched, as it will provide valuable insight into the Federal Reserve's future policy direction and their response to both inflation and labor market challenges. Powellโs comments could set the tone for market expectations in the months ahead.
#FedRateDecisions #FedRateCut #BTCReboundsAfterFOMC
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