Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
Markets rally as recession fears ease: Take action or stay patient?
Views 2.8M Contents 552
avatar
Cow Moo-ney joined discussion · Jul 31 19:00

Dovish Powell

Powell is getting more and more dovish these days. During his latest press conference, he said if data continues to give the Fed confidence that inflation is slowing, they could be ready to make the first rate cut, as soon as September.

This came after the Fed decided to keep the interest rate unchanged this month - a widely expected decision.

As a result, the market rallied, the S&P 500 clinched its best day since February this year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
2
Translate
Report
42K Views
Comment
Sign in to post a comment
avatar
Cow Moo-ney
Successful investing is about managing risk, not avoiding it. DYODD Support my YouTube channel: Jay el
5750Followers
42Following
27KVisitors
Follow