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๐จ๐ข The Chairman of the Federal Reserve, Jerome Powell, warned that the market should not expect much from interest rate cuts in December ๐จ Warning about rate cuts
He confirmed that inflation is still above the central bank's target โฌ๏ธ Inflation above target and the US economy is showing greater resilience than expected ๐ช Economic resilience
He said the next steps in monetary policy will be cautious ๐ก Cautious policy and depend on the latest economic data ๐ Data-driven decisions
Powell added that the central bank is monitoring the impact of high interest rates on the labor market ๐ฅ Impact on labor market and domestic consumption Impact on domestic consumption, and noted that more evidence is needed to cut interest rates without risking a resurgence in price pressures โ ๏ธ Need for more evidence Powell's statements caused major indices on Wall Street to decline ๐ Market reaction due to investor concerns about continued tight monetary policy ๐ธ Investor concerns
The central bank is committed to maintaining price stability ๐ก Commitment to stability without sacrificing economic growth significantly ๐ Balancing growth
Some analysts expect interest rates to be cut in the first half of 2026 ๐ Expected rate cuts
This comes in the context of the difficult balance the central bank faces in maintaining economic stability โ๏ธ Delicate balance
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