Wall Street Today | Market Sees Bright Future After Fed Talk
S&P 500 Rises After Powell Says 'Time Has Come' for Rate Cuts
Powell Issues Strongest Signal Yet That Rate Cuts Are On the Way
Nvidia 0DTE Holders Move to Longer-Dated Options, Tesla Options Jump After Powell Speech
The US Federal Reserve makes a major dovish turn! Powell hints at an upcoming interest rate cut: 'It's time to adjust policy.'
He explicitly pointed out that interest rate cuts are the future policy direction, with the reason being increasingly confident in inflation continuing to drop to the 2% target, while the Fed is not seeking nor welcoming a further cooling of the job market. He stated that the upside risks to inflation have weakened, while the downside risks to employment have increased. The policy direction has already been clarified, and the timing and pace of interest rate cuts will depend on subsequent data, changes in outlook, and risk balance.
Full Text of Powell Jackson Hole Speech: It's Time for Policy Adjustments
① Powell clearly stated in his speech that it is time to adjust policies; ② The chairman of the Federal Reserve said that the timing and speed of interest rate cuts will depend on future data, changing outlooks, and balancing risks.
