🔵Jerome Powell hinted at the possibility of a single rate cut during the year 2025.
⬅️Following hints of a rate cut from Jerome Powell, even if they were lukewarm, this is seen as a signal for a change in monetary policy for the first time from the Fed in many months. The dollar fell sharply and may continue to do so..
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🔵 Jerome Powell "ignites" 🔥 the markets with his statements at the Jackson Hole seminar regarding interest rate cuts in America.
🔷 The S&P 500 and Dow Jones indices on Wall Street jumped by more than 1.5% at the end of the speech.
🔷 The US dollar index fell by about 0.75%