๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต
โ โ โ โ โ โ โ โ
๐ Update: Key points from Powell's press conference for the FOMC!
โโโโโโโโโโโโโโโ
๐ข What's new?
* Federal Reserve Chairman Jerome Powell indicates that economic risks have now shifted from a focus on inflation to concerns about the labor market.
* There is seen to be weakness in labor supply and demand.
* Powell stated that the central bank no longer assumes that inflation expectations will remain stable.
* These statements give a clear signal of the possibility of an interest rate cut in September.
โโโโโโโโโโโโโโโ
๐ก Why is this important?
* This shift in focus is a positive step for the markets, as it shows that the Fed is becoming more concerned about economic growth rather than inflation.
* The signal of a potential rate cut could increase risk appetite among investors, which is seen as positive for digital asset markets.
* These statements indicate that the central bank is adjusting its monetary policy based on changing economic data.
โโโโโโโโโโโโโโโ
๐ Future outlook:
* These statements are expected to bolster expectations for a rate cut.
* These signals could encourage further cash flows into stock and cryptocurrency markets.
โโโโโโโโโโโโโโโ
๐ If you liked the content, support me with a like and follow to receive all the latest updates
