Powell keeps it "psychological" between interest rates and inflation.. and the economy is in great confusion! 💸🤔
⚡️Today, Powell announced keeping the interest rate at 4.25%-4.50%, but he didn't rule out the possibility of two cuts before the end of the year.
The reason? Inflation is still concerning, especially with the new tariffs that could make prices dance to the tune of summer! ☀️💰
⚡️Powell said: economic growth will slow down a bit (1.4%), and core inflation might rise to 3.1%. And the conflict in the Middle East? Don't worry, America relies less on oil from the region, but prices might fluctuate a bit. ⛽🌍
⚡️The markets responded by raising the dollar index by 0.11%, as if to say: "Let me live in the moment!" 💵📈
🤥In short, the economic situation is a bit complicated, and the Federal Reserve is walking a fine line between keeping interest rates stable and lowering them, and we're all waiting for the outcome.
⚡️Today, Powell announced keeping the interest rate at 4.25%-4.50%, but he didn't rule out the possibility of two cuts before the end of the year.
The reason? Inflation is still concerning, especially with the new tariffs that could make prices dance to the tune of summer! ☀️💰
⚡️Powell said: economic growth will slow down a bit (1.4%), and core inflation might rise to 3.1%. And the conflict in the Middle East? Don't worry, America relies less on oil from the region, but prices might fluctuate a bit. ⛽🌍
⚡️The markets responded by raising the dollar index by 0.11%, as if to say: "Let me live in the moment!" 💵📈
🤥In short, the economic situation is a bit complicated, and the Federal Reserve is walking a fine line between keeping interest rates stable and lowering them, and we're all waiting for the outcome.