He is ✅ SUMMARY OF FED CHAIR POWELL'S STATEMENT (9/18/24):
1. Fed believes that the economy is "strong overall" 2. Fed has "growing confidence" that strength in labor market can be maintained 3. Consumer spending has "remained resilient" 4. Inflation has eased but "remains above 2% target" 5. Labor market is now less tight than before pandemic 6. Fed is moving to a "neutral stance" but "not on any preset course"
Why is a 50 bps rate cut needed if the economy is "strong?
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here! BTC: The situation has not changed since yesterday. The pullback from today´s high is in 3 waves only, so I have added my best guess of a suitable micro structure to the chart, which could send the price a little higher over the weekend, as long as yesterday´s low holds. A break above $60,630 would indicate that a larger wave ii is unfolding.