📢 Jerome Powell talks about interest rate cuts 💰🇺🇸
In a press conference, the Chair of the U.S. Federal Reserve, Jerome Powell, said:
🔹 There is no significant support for a larger cut in interest rates by 50 basis points at the current meeting.
🔹 The last cut was only by 25 basis points.
🔹 He confirmed that significant movements in interest rates happen only when fiscal policy is not aligned with economic conditions and needs quick adjustments.
💡 What does this mean?
The Fed will not risk a large cut right now unless it sees that the economic situation genuinely requires it. This means that investors and markets still need to monitor upcoming decisions cautiously.
👀 If you are a trader or investor:
This indicates that monetary policy will remain cautious and you will not see aggressive cuts soon.
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