🔵 Jerome Powell "ignites" 🔥 the markets with his statements at the Jackson Hole seminar regarding interest rate cuts in America
🔵 Summary of Powell's speech – Jackson Hole:
🔷 The Fed may have to adjust monetary policy if the balance of risks changes.
🔷 Inflation tends to rise against a backdrop of slowing labor market and growth.
🔷 Weak consumer spending behind a noticeable slowdown in GDP.
🔷 Unemployment is stable, giving the Fed room to act cautiously.
🔷 The effects of tariffs are now clear and are expected to accumulate later.
🔷 Job growth slowdown remains limited, with a decline in labor supply consistent with demand.
⬅️ In short: The Fed is navigating between the fire of inflation and labor market pressure, and upcoming data will determine its next step.
🔷 The S&P 500 and Dow Jones indices on Wall Street jumped by more than 1.5% as the speech concluded
🔷 The US dollar index declines by about 0.75%
