Jerome Powell

Fed Cuts Rates By 25 Basis Points

FOMC Announces Rate Cut The much anticipated FOMC announcement has been made, and the Fed has cut policy interest rates by 25 basis points. The market reacted by selling off, major indexes were down less than 1%. Fed Chairman Jerome Powell commented that inflation was muted, and President Trump previously…

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Core CPI Up, Jobless Claims Down

Market Data Not Expected To Change Powell’s Tone Two key data points were released this morning in the middle of Jerome Powell’s 2-day Congressional meeting schedule. The data were broadly favorable, but are not expected to change Powell’s dovish stance. The two releases: June consumer pricing index or CPI, and…

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