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๐จ๐ฅ Summary of Powell's Speech โ Jackson Hole
Powell confirmed today that the Fed is ready to adjust its monetary policy if the balance of risks changes. ๐
โข Inflation is still trending upwards ๐ against a backdrop of slowing growth and labor market.
โข Weak consumer spending has clearly impacted GDP.
โข Unemployment is stable, giving the Fed room to move cautiously.
โข The effects of tariffs are starting to show now, and a buildup is expected later.
โข Job growth slowdown is limited, and supply is declining in line with demand.
โจ Summary: The Fed is navigating between the fire of inflation and labor market pressures, and upcoming data will determine its next move.
My personal opinion: I believe that markets will remain very volatile in the coming period, and any upcoming inflation or job data could be decisive in market direction.
The question for you:
Do you think the Fed will have to lower interest rates soon?
๐ Yes, they will lower interest rates
โค๏ธ They may hold off longer before any decision
๐ No, they will maintain tightening for a longer period
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