SUMMARY OF FED CHAIR POWELL'S STATEMENT
1. The current policy "puts us in a good position."
2. The slowdown in growth reflects a decrease in consumer spending.
3. Activity in the real estate sector in the US remains weak.
4. Inflation in the US remains "relatively high."
5. Tariff levels are "raising prices" on certain goods.
6. "Changes in government policy continue to develop."
7. Continues to clarify that the FED is not in a hurry to cut interest rates and will "wait and see" as tariffs remain in effect.
8. Commenting on the possibility of a 0.25% interest rate cut in September, Mr. Powell stated:
"We have not made any decisions regarding September." 🦅
9. The impact of tariffs on inflation will be slower than expected. What we are seeing now is just the beginning of inflation caused by tariffs. 🦅🦅
Traders have reduced bets on the FED cutting interest rates more than once this year. BTC price drops below $116K!
