Aug. 22 at 2:50 PM
$NDAQ $NIFTY50.NSE
🚨 Rate cut may happen now after 8 months
🚨 Fed Chair Powell Signals Possible Rate Cuts as Weak Job Market Emerges
🛡️ Jerome Powell, in his final Jackson Hole speech as Federal Reserve Chair, warns that rising risks to employment may require the Fed to cut interest rates soon—after eight months of keeping them unchanged.
🔹 Powell highlights a “challenging situation” where higher inflation risks from President Trump’s tariffs are mounting, with the impact on consumer prices “clearly visible” and expected to intensify in coming months.
🔹 The labor market is “in balance,” but Powell describes it as highly fragile due to slowing supply and demand for workers—with downside risks to employment on the rise.
🔹 Powell pledges that the Fed will not tolerate a one-time surge in prices turning into ongoing inflation, signalling a cautious response to persistent inflation pressures and economic uncertainty.
