geromepowel

🟡 Summary of Powell's speech
– The outlook for employment and inflation has not changed much since the last meeting.
– The Fed will buy more short-term Treasury Bills to better control rates.
– Treasury purchases may remain high for several months.
– Inflation remains somewhat elevated, with a recent rise in goods inflation.
– The GDP growth forecast for 2026 has been revised upward.
– Powell notes that few new inflation data have been published since October.
– Short-term inflation risks are tilted to the upside.
– There is no risk-free monetary policy path.
– Rates are now in a plausible neutral range.
– Monetary policy is not on a predetermined path.
– The Fed will make its decisions meeting by meeting, based on the data.
- The Fed believes it is well-positioned to wait and observe how the economy evolves before adjusting its policy.
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Sanae Takaichi, the new #Japanese president, would spend welfare improvements and tax breaks on Japan. Japan's fiscal policy also has a significant impact on the US financial world.
In Japan, a lot of US government bonds were accumulated.💵💵

If the Bank of Japan is softening its policies, it could have a multiple positive effect on the crypto market because it will be placed in line with FED's easing measures probably coming in the end of Okt.
Keep on eyes in #BOF leader speech today and #GeromePowel speech tomorrow!
There have been huge inflows into the market through ETFs, with $1M last week!!
If the USA government shutdown does not last longer, a decision could be made as early as October 30 that the staking possibility of BlackRock ETF will also be given the green light.
The market is optimistic at the moment and momentum may remain 🚀unless something shocking happens in politics.🔥