Tag Archives: Powell
The Fed Finally Opens the Door for Rate Cut
On Wednesday, the Federal Reserve reduced interest rates by 50 basis points to 5%, leading to notable volatility in the U.S. dollar. Initially, the dollar traded lower following the announcement but recovered some of those losses after Chair Jerome Powell’s press conference. Ultimately, the dollar slipped 0.08% after turbulent trading, closing at 100.93. (U.S Federal […]
Powell Signals a Shift: Time for Change in Monetary Policy
U.S stocks surged following Powell’s remarks, with the S&P 500 index climbing nearly 1% and closing at 5634. In his anticipated speech at the Kansas City Fed’s annual conference in Jackson Hole, Powell stated that “the time has come for policy to adjust.” (S&P 500 Index Daily Price Chart) He indicated readiness to lower interest […]