๐ฝ FED PRESS CONFERENCE RECAP โ POWELL SHOCKS MARKETS AGAIN ๐ฅ
During Jerome Powellโs latest press conference, the Fed Chair dropped not one, but two major surprises:
1๏ธโฃ Vote to keep rates unchanged โ despite strong market expectations of continued cuts.
2๏ธโฃ No guarantee of a December rate cut โ a sharp contrast to the previous Dot Plot, where markets had fully priced in cuts for both October and December.
Powellโs comments threw traders off balance, shifting momentum across markets instantly. ๐
He also repeated that todayโs rate cut was done purely for โrisk managementโ โ a phrase heโs used before โ but this time, investors focused far more on his caution about December.
In short: The Fed just reminded everyone that the path ahead isnโt guaranteed.
#MarketPullback #CPIWatch #FOMC #Crypto #MarketNews
