Warpkoreaš©
@warpkorea
#Jerome Powell, the #Federal Reserve Chair, has indicated that he wants to see more progress toward the Fed's 2% inflation target before cutting rates. High #inflation rates have led to a cautious approach, with concerns that cutting rates too soon could reignite inflation. Additionally, the labor market is weakening, but not enough to warrant immediate action, and there's a sentiment that the current market might be overvalued.
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