Institutions assess Powell's speech: Nothing about "hawkish rate cuts"
Jinse Finance reported that Informa Global Markets commented on the latest speech by Federal Reserve Chairman Jerome Powell: so-called "hawkish rate cuts" are just like this. Powell pointed out that there is tension between the Fed's dual mandate, but also admitted that there has not been much change since the last meeting. His remarks were generally similar to previous ones. The most memorable sentence from this press conference was: "The current economy is not like an overheated economy that would trigger labor-driven inflation."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock CEO: Tokenization Will Forever Change the Financial Industry, Enabling Greater Investment Fluidity
Bitwise donates $100,000 to Ethereum open-source developers
XRP holders' cost basis falls below threshold, SOPR drops to 0.96 triggering panic selling
