📉 FED CHAIR POWELL UNLIKELY TO CUT RATES – DATA INSIGHTS
According to DataTrek Research co-founder Nicholas Colas, Fed Chair Jerome Powell is unlikely to announce a rate cut after this week's FOMC meeting. This follows a tradition set by his predecessors — Greenspan, Bernanke, and Yellen — all of whom ended their terms with a hawkish stance. 🦅
🇺🇸 The Fed is expected to hold rates steady in June and July, while signaling its direction through updated forecasts. Powell aims to preserve his anti-inflation credibility and political independence as his term nears its end.
📊 Interestingly, during the final 12 months of the last 3 Fed chairs' terms, the S&P 500 gained an average of 16%. Will history repeat itself?
🔍 All eyes on: • Fed Dot Plot 📈
• Economic Projections 📉
• Powell's Tone at the Press Conference 🎙️
💬 What do you think? Will the market rally again in Powell’s final year?