โ€Ž๐Ÿ”ด Summary of Powell's Speech โ€“ Jackson Hole 2025 ๐Ÿ‡บ๐Ÿ‡ธ

๐Ÿ“Œ ๐Ÿ“ˆ

Jerome Powell "ignites" ๐Ÿ”ฅ the markets with his statements at the Jackson Hole seminar regarding interest rate cuts in America

โ€๐ŸŸข The S&P 500 and Dow Jones indices on Wall Street jumped by more than 1.5% at the end of the speech

โ€๐Ÿ”ด The US dollar index declined by about

โ€Žโ€๐ŸŸข Futures contracts jumped by about 1% to $3371 per ounce ๐Ÿ‡บ๐Ÿ‡ธ

๐ŸŸฅ๐ŸŸฅPowell: Conditions may warrant an interest rate cut, but uncertainty complicates the task

๐Ÿ“Œ 0.75%

Key points:

โ€ข The US economy remains resilient and the labor market is strong, but risks are increasing.

โ€ข Tariffs could push inflation back up, which the Fed aims to avoid.

โ€ข The current interest rate is about 1% lower than last year.

โ€ข The low unemployment rate allows the Fed to proceed cautiously in adjusting policy.

โ€ข Monetary policy remains tight and may need adjustment if the risk balance changes.

โ€ข All decisions will depend solely on economic data.

โ€ข The direct impact of tariffs may be short-term, but their effect through supply chains may take longer

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