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🚨🇺🇸 FED CHAIR POWELL: HIRING IS FREEZING, GDP SLUMPING, INFLATION RETURNING
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🚨🇺🇸Federal Reserve Chair Jerome Powell 📶signaled potential interest rate #cuts in September, citing shifting economic risks and job market weakness. His remarks at Jackson Hole 📈boosted the S&P 500 by 1.3%, fueling optimism for a continued summer market rally.
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🔴LIVE: 🇺🇸POWELL SIGNALS POLICY SHIFT AMID RISING JOBS RISK 🔹Fed Chair Jerome Powell ⚠️warned that the balance of risks has shifted, with downside pressures on employment growing while tariffs are visibly lifting consumer prices. 🔹He stressed that stable inflation expectations can’t be taken for granted, and announced the Fed is abandoning its 2020 flexible average inflation targeting framework. 🔹Powell left the door open to rate cuts, citing rising job risks, but stopped short of making a firm commitment.
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🚨🇨🇳China Renaissance announced a strategic cooperation memorandum with YZi Labs. The company will #invest approximately $100 million in a dedicated allocation of BNB assets. 🔥The company intends to become the first Hong Kong-listed company to include $BNB in its dedicated digital asset allocation and promote BNB listing on regulated exchanges. @CZ @Richard Teng
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⚠️PREDICT WHAT JEROME POWELL SAYS TODAY USING JUST 1 WORD ⚠️7.30pm 1hour to go
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*SUMMARY OF FED CHAIR POWELL'S SPEECH* 1. Shifting balance
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