🔴 Statements from the Federal Reserve Chair 🇺🇸
Jerome Powell clarified the following points:
After overcoming the shock of oil prices, there will still be downward pressure on spending and employment, while at the same time upward pressure on inflation.
The way tariffs reflect and transfer their effect within the economy is being closely watched.
The interest rate is currently close to the neutral level or may be in a range of mild to moderate tightening.
He also added:
We are currently in a difficult position.
A balance must be achieved between risks.
It is concerning that inflation in the services sector, excluding housing, has not decreased yet.
He does not see the labor market as more threatening than inflation.
In summary: the tone leans towards cautious tightening, with a clear focus on the fact that inflation still poses the biggest challenge, supporting the relative tightness of monetary policy and increasing market caution.
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Jerome Powell clarified the following points:
After overcoming the shock of oil prices, there will still be downward pressure on spending and employment, while at the same time upward pressure on inflation.
The way tariffs reflect and transfer their effect within the economy is being closely watched.
The interest rate is currently close to the neutral level or may be in a range of mild to moderate tightening.
He also added:
We are currently in a difficult position.
A balance must be achieved between risks.
It is concerning that inflation in the services sector, excluding housing, has not decreased yet.
He does not see the labor market as more threatening than inflation.
In summary: the tone leans towards cautious tightening, with a clear focus on the fact that inflation still poses the biggest challenge, supporting the relative tightness of monetary policy and increasing market caution.
#BTCReclaims70k #bitcoin #Binance #MetaPlansLayoffs #KATBinancePre-TGE
$BTC $ETH $BNB