Spectar
@spectar
SUMMARY OF FED CHAIR POWELL'S STATEMENT (7/31/24): 1. No decision has been made regarding a September rate cut 2. Attentive to risks on both sides of the dual mandate 3. Fed will assess incoming data for futures decisions 4. Q2 inflation readings have added confidence on inflation 5. Reducing rates too late could unduly weaken economy 6. Still need greater confidence on inflation The Fed is clearly weighing a September rate cut.
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