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  • Powell says inflation has been higher than thought and expects rates to hold steady

    From cnbc.com

    Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year and caused a rethink of where policy is headed. “We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said. “What that has told us is that we’ll need to be patient and ... (full story)

USD strong
nonsense reaction from market
Nonsense from market
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Quoting gzforex20
nonsense reaction from market
Interest rates go down buy stocks over bonds.
Interest rates go up buy stocks to protect against inflation.
It all makes perfect sense.
This delusional democrat once again speaks lies about inflation out of his mouth to appease the Biden administration and keep his job ..
Quoting Vancarbon
{quote} Inflation goes up Debt goes up Market goes up Hold your breath and wait for the crash. It makes even more sense
....just beware the adage: "The market can remain irrational for longer than you can remain solvent".
Exactly! how do you think institutions make money? Market makers need to get fills at the highest prices before a big bleed. Rinse and repeat.
Quoting fxx360
This delusional democrat once again speaks lies about inflation out of his mouth to appease the Biden administration and keep his job ..
Powell is a registered republican and was originally appointed by Trump....and he doesnt make up the figures, he just has to deal with them.
its all just one persons opinion....
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