$Nasdaq Composite Index (.IXIC.US)$$S&P 500 Index (.SPX.US)$...
SUMMARY OF FED CHAIR POWELL'S STATEMENT (9/18/24):
1. Fed believes that the economy is "strong overall"
2. Fed has "growing confidence" that strength in labor market can be maintained
3. Consumer spending has "remained resilient"
4. Inflation has eased but "remains above 2% target"
5. Labor market is now less tight than before pandemic
6. Fed is moving to a "neutral stance" but "not on any preset course"
Why is a 50 bps rate cut needed if the economy is "strong?"
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
