Breaking News: Powell Ignites Market Surge with Major Announcement! đš
1ïžâŁ Powellâs Bold Statements:
đž Jerome Powell shook the markets today, revealing that the US Federal Reserve is set to lower interest rates! đ
đž His confidence is soaring as he believes inflation is on track to hit the 2% target!
đž Powell also acknowledged the labor market is cooling down from its overheated state.
đž The size of the rate cut will depend on incoming data and the economic outlook. The Fed is ready to act!
2ïžâŁ Market Reactions:
đ Bitcoin skyrocketed by over 1%, reaching a new high of $61,900!
đ Nasdaq (+1.7%) and S&P 500 (+1.2%) surged, while gold climbed 1%!
đ 10-year Treasury yield dropped by 5 basis points to 3.80%.
đ„ The US Dollar index took a hit, sliding by 0.6%!
3ïžâŁ Rate Cut Speculation:
đ Will it be 25 or 50 basis points? Market whispers suggest a cut, but the odds of a 50bps move just jumped from 24% to 32.5%!
4ïžâŁ Eyes on Data:
đ All eyes are on the upcoming August employment and inflation reportsâthese will be the final pieces of the puzzle for the Fedâs decision.
Powellâs words have set the stage for a potential game-changing rate cut! The markets are on fire, but the next move depends on the data. Stay tuned for more market-shaking updates! đ„#
