$S&P500(2412) (ESmain.US)$ SUMMARY OF FED CHAIR POWELL'S STA...

$S&P500(2412) (ESmain.US)$ 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"