🚨 Updated Information about FED Powell's statement

🗣️Fed Chairman Jerome Powell:

👉 We continue to have solid growth and a strong labor market.

👉 We have made a lot of progress on inflation.

👉 The trend of reducing inflation shows signs of continuing.

🗣️Fed Chairman Jerome Powell:

👉 We need to be safer before lowering policy interest rates. We will see more data as we have seen recently.

👉 The deflation trend is showing signs of starting again. We are back on the deflationary path again.

In summary, the news is still hawkish, nothing important, he reaffirmed that the previous policy is still appropriate, worried about the strong labor market. There's no problem, okay?