Last night, Federal Reserve Chairman Powell pointed out at t...
Last night, Federal Reserve Chairman Powell pointed out at the central bank forum hosted by the ECB that there has been considerable progress in terms of inflation. However, Chairman Powell stated that he would like to determine further progress in order to have confidence to cut interest rates. The market interpreted this as a moderate interest rate cut signal, and the three major US indices rose and closed.
According to data released last night, there was an unexpected increase in the number of job offers, and improvements were seen in the slowing trend of the labor market, which is the key to monetary easing. Tonight'sADP dataIf it also exceeds market expectations, it is likely that market optimism will continue to rise.
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