Kevin Pando
πŸ“ˆ Markets Rebound as Powell Signals Possible Fed Cuts After days of uncertainty, U.S. stocks erased losses following remarks from Federal Reserve Chair Jerome Powell. Powell highlighted rising downside risks to employment, reinforcing market expectations for a rate cut in October. Key takeaways: - Powell noted that labor market risks have increased, implying the Fed may ease policy at the next meeting on Oct 28-29. - The Fed may also halt its balance sheet runoff in the coming months. - Inflation remains contained, largely driven by tariffs rather than broader price pressures. - Policymakers continue to navigate the delicate balance between lowering inflation and supporting jobs, emphasizing a meeting-by-meeting approach. Investors are closely watching these signals, with Fed minutes suggesting more rate cuts could be on the horizon this year. πŸ’‘ Market impact: Stocks rose as traders priced in potential easing, while the path ahead remains data-dependent. $SPX500 $VOO (Vanguard S&P 500 ETF) $TSLA (Tesla Motors, Inc.) $RACE (Ferrari NV) $AAPL (Apple) $AMZN (Amazon.com Inc) $NVDA (NVIDIA Corporation) $AXP (American Express CO)
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