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THE MARKET UPDATES
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THE MARKET UPDATES
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Russell 2000 Index just hit another ATH today. $ETH historically follows Russell 2000.
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SUMMARY OF TODAY'S FOMC MEETING: ➺ Fed cut rates by 25 bps. ➺ Fed to buy $40B in T-bills over the next 30 days from 12th December. ➺ Powell said labor market is weak. ➺ Powell said T-bills purchases will remain elevated for few months ➺ Powell said solid economy growth is expected next year. ➺ Powell said rate cut decisions will be made on meeting to meeting basis. ➺ Powell said everyone agrees that inflation is too high. ➺ Powell said a rate hike isn't anyone's base case. ➺ Powell said job gains were overstated. Overall, today's meeting is bullish for markets.
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🚨 BREAKING 🚨 🇺🇸 Powell says T-bills purchases may remain elevated for few months. The Fed won't stop at $40B/month
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🚨REMINDER 🇺🇸 Fed Powell will be speaking in ten minutes. Expect market volatility.
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BREAKING: 🇺🇸 The Federal Reserve said they will buy $40 billion worth of Treasury bills in the next 30 days, starting from Dec. 12th. The QE money printer is warming up.
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