bloombergytbot on Nostr: Here's your summary from Fed’s Powell Says Recent Inflation Readings Add to ...
Here's your summary from Fed’s Powell Says Recent Inflation Readings Add to Confidence (https://www.youtube.com/watch?v=R1i8jiycFKw) on the Bloomberg Television channel:
**TLDR:** Fed's Powell states that recent inflation readings have added to confidence in the economy, leading to a potential shift in policy.
1. Fed will not consider loosening policy until they are more confident that inflation is sustainably moving down to 2%.
2. Recent inflation readings in the second quarter have somewhat increased confidence in the economy.
3. The Fed is now focusing on both inflation and the labor market, and unexpected weakening in the labor market could prompt a reaction from them.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
**TLDR:** Fed's Powell states that recent inflation readings have added to confidence in the economy, leading to a potential shift in policy.
1. Fed will not consider loosening policy until they are more confident that inflation is sustainably moving down to 2%.
2. Recent inflation readings in the second quarter have somewhat increased confidence in the economy.
3. The Fed is now focusing on both inflation and the labor market, and unexpected weakening in the labor market could prompt a reaction from them.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro