💥FED KEEPS INTEREST RATE UNCHANGED!

(Expectation: 5.5%, Previous: 5.5%)
🇺🇸FED Chairman Powell:
We are determined to reduce inflation to the target of 2%.
We continue to desire a restrictive monetary policy.
-Labor markets are slowly starting to return to the pre-pandemic period.
-Our long-term inflation expectations seem to be well managed.
Real estate investments slowed down in the second quarter.
-Recent indicators show that the economy continues to expand at a solid pace.
We need more confidence on inflation issue.
Inflation data in the 2nd quarter increased our confidence.
-If the economy remains strong, I will keep interest rates stable when necessary.
-We are ready to respond if the labor market weakens unexpectedly.
-There may be an interest rate cut on the table in September.🔥
-I can imagine scenarios from zero interest rate cuts to many discounts this year, depending on how the economy will develop.
-We need more good data.
We can reduce political restrictions.
-4.1% unemployment rate is still historically low.
-We don't need to focus 100% on inflation, but the job is not done.
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