Powell spoke yesterday. Here are the main points: 1) Available data show that the employment and inflation outlook has remained largely unchanged since September. Inflation remains somewhat elevated. Before the possible US government shutdown, data suggested that growth could be more sustainable. 2) The shutdown will constrain economic activity while it lasts, but its effect should fade once it ends. A reasonable baseline scenario: the impact of tariffs on inflation will be short-lived. Our goal is to prevent this from becoming a permanent problem. 3) Most indicators of long-term inflation expectations are consistent with the target. A rate cut in December is not guaranteed, and is far from certain. 4) The next phase of rebalancing will begin in December, and the rate will be held at the current level for some time. 5) Today's cut was risk management; further actions are a different matter entirely.
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I was 7聽444 km away from today's mystery location 馃搷. Can you beat me?
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Last week was positive for ETFs Despite the market correction, the ETF sector continues to show positive dynamics. Last week, an inflow of $440.7 million was recorded into BTC -ETFs, During the same period, ETH -ETFs also showed a positive result, with an inflow of $1 billion. So far, there have been no panic sell-offs in the market, which is good.
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