Powell's remarks come as a much-needed boost! Is a rate cut in October on the horizon?
At a sensitive moment of heightened volatility in global markets, at 00:20 Beijing Time on October 15, Powell's dovish remarks at the Nation
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At a sensitive moment of heightened volatility in global markets, at 00:20 Beijing Time on October 15, Powell's dovish remarks at the National Association for Business Economics in Philadelphia provided a confidence boost to the market. He stated: downside risks in the U.S. labor market have increased, and the current rise in commodity prices mainly reflects tariffs rather than widespread inflationary pressures. The Federal Reserve may halt the tapering of its balance sheet in the coming months. Following Powell’s speech, the three major U.S. stock indices immediately surged in the short term. Do you believe that the U.S. stock market has peaked in the short term, or should one remain cautious and wait before continuing to invest?
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Powell's remarks come as a much-needed boost! Is a rate cut in October on the horizon?
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