📢 Summary of Federal Chair Powell's Speech:
1️⃣ The balance of risks may warrant a policy adjustment
2️⃣ Employment risks are on the rise
3️⃣ The supply in the labor market has declined in line with demand
4️⃣ The Fed abandons the flexible average inflation targeting framework
5️⃣ Stable inflation expectations cannot be taken for granted
⚡️ The Fed is preparing the markets for an interest rate cut in September! 💵📉