#PowellWatch
Once Powell mentioned the two key words, the markets moved strongly
The first is that the Federal Reserve is open to changing the interest rate once this year
And the second is that the current interest rate is close to being neutral
Although Powell did not mention that the rate is above its neutral level
The market sees it this way
Therefore, even though the reduction is expected
This time Powell mentioned it clearly and publicly
Which means we will be waiting for an interest rate reduction at the next Federal Reserve meeting, maybe at the next one.