Good morning friends! ✋
We have escaped the #FED trouble again, but there is still no movement in sight. Again, according to previous discussions, it has signaled a bit of green light, but continues to scare investors with uncertainty.
Where inflation is at 2.4%, interest rates are in the band of 4.25% - 4.50%, which is more than double the inflation...
Powell, who was cutting interest rates before Trump came, is now struggling not to lower rates after he arrived.
I hope the next meeting gives a 'interest rate cut' signal for August, and we can watch the market price that in.