KEYT on Nostr: 'The time has come': The Fed just sent a crucial message about its next move ...
'The time has come': The Fed just sent a crucial message about its next move
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Fed Chair Jerome Powell announced on August 23, 2024, that lower interest rates are on the horizon, signaling a crucial milestone in the Fed's inflation fight; Powell emphasized the need for policy adjustment to support a strong labor market and achieve 2% inflation; markets reacted positively, with major indexes rising; the Fed's rate-hiking campaign began in early 2022, raising rates to a 23-year high; inflation has decreased from 7.1% to 2.5% as of June 2024; job openings fell from 12.2 million in March 2022 to 8.2 million in June 2024; the Fed's next policy meeting is scheduled for September 17-18, 2024; economists remain cautious about the potential for a recession despite positive indicators.
#FederalReserve #InterestRates #Inflation #Economy #JeromePowell #SoftLanding #JobMarket #ConsumerSpending #EconomicGrowth #PolicyMeeting
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/08/23/the-time-has-come-the-fed-just-sent-a-crucial-message-about-its-next-move-2/
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Fed Chair Jerome Powell announced on August 23, 2024, that lower interest rates are on the horizon, signaling a crucial milestone in the Fed's inflation fight; Powell emphasized the need for policy adjustment to support a strong labor market and achieve 2% inflation; markets reacted positively, with major indexes rising; the Fed's rate-hiking campaign began in early 2022, raising rates to a 23-year high; inflation has decreased from 7.1% to 2.5% as of June 2024; job openings fell from 12.2 million in March 2022 to 8.2 million in June 2024; the Fed's next policy meeting is scheduled for September 17-18, 2024; economists remain cautious about the potential for a recession despite positive indicators.
#FederalReserve #InterestRates #Inflation #Economy #JeromePowell #SoftLanding #JobMarket #ConsumerSpending #EconomicGrowth #PolicyMeeting
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/08/23/the-time-has-come-the-fed-just-sent-a-crucial-message-about-its-next-move-2/