#PowellWatch
👀 Jerome Powell is keeping Wall Street on edge…
🔹 Rate Cut Odds: Markets still price in a September cut – 25bps looking most likely, though some are whispering 50bps 🏋️♂️
🔹 Data Watch: Powell points to soft labor + cooling inflation as the key drivers 🥊
🔹 Market Moves: Equities firm, USD weakens, yields dipping 🚘
🔹 Investor Mood: Risk-on is creeping back, but Powell’s stressing “data dependence” 📊
🔥 Next Big Catalyst: Jackson Hole (late August) – could be Powell’s moment to set the stage for policy.
👉 CME FedWatch now shows ~82.9% odds of a 25bps cut on Sept 17.
