🚨 POWELL LETTER IS A DIRECT “NO” TO YOUR RATE CUT FANTASY The Fed basically said: Unemployment is showing signs of stabilizing Economic activity is still expanding at a moderate pace the economy isn’t cracking yet, so don’t expect the Fed to rush into cuts
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 POWELL LETTER IS A DIRECT “NO” TO YOUR RATE CUT FANTASY The Fed basically said: Unemployment is showing signs of stabilizing Economic activity is still expanding at a moderate pace the economy isn’t cracking yet, so don’t expect the Fed to rush into cuts