@baatagzz
The main points from the speech of Fed Chairman Jerome Powell:
- inflation decreased from 7% to 2.5%;
- the economy continues to grow at a steady pace;
- the inflation data in the second quarter added to our confidence;
- a rate cut too late may unduly weaken the economy;
- in September, the issue of reducing the rate may be considered;
- there may be several rate cuts this year, or there may not be, it all depends on the economy;
- if inflation decreases in line with expectations, economic growth will remain strong enough, the labor market will remain as it is, a rate cut in September will be on the agenda
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