Powell Signals Quarter-Point Rate Cut Despite Market Expectations
Powell Signals Quarter-Point Rate Cut Despite Market Expectations
馃搲 Powell's Rate Surprise
Fed Chair Powell indicates quarter-point rate cut coming as markets price in broader rate reduction path without his explicit endorsement.
Key developments:
- Powell describes potential cut as "risk management move"
- Says quarter-point reduction "won't make huge difference"
- No widespread support for larger 50bps cut
- Fed remains in data-dependent, meeting-by-meeting mode
Economic backdrop:
- Revised jobs data show labor market no longer solid
- Job gains below breakeven levels
- People on margins struggle to find jobs
- Inflation remains elevated, driven by goods price rises
Market context:
- Traders had been escalating bets on September rate cuts
- August CPI rose 2.9% YoY
- Unemployment rate now exceeds available job openings
Powell maintains commitment to 2% inflation target while acknowledging economic headwinds from slowing consumer spending and uncertain tariff effects.
馃毃 NEWS FLASH: The Bureau of Labor Statistics is facing technical difficulties rendering data retrieval tools unavailable on its website just before the crucial payrolls report release.
NEWS FLASH: Traders have resumed fully pricing in two Federal Reserve rate cuts by year-end, signaling shifts in #Fed monetary policy expectations.
馃毃 NEWS FLASH: Powell says job gains below breakeven, payroll growth slowed by lower immigration and participation; most inflation expectations align with 2% goal. #Powell
馃毃 NEWS FLASH: Powell says Trump tariffs raise prices on certain goods, effects uncertain. #Trump
馃毃 NEWS FLASH: Powell says goods price rises drive most inflation increase, expects tariff-driven price hikes to continue. #Powell
馃毃 NEWS FLASH: Powell calls today's rate cut a risk management move. #Powell
馃毃 NEWS FLASH: August U.S. labor data showed a slight dip with average weekly hours steady at 34.2, nonfarm payrolls rising just 22K versus 75K expected, and manufacturing payrolls declining by 12K, signaling a slowdown in employment growth affecting the $USD.
馃毃 NEWS FLASH: Traders are escalating bets on a Federal Reserve interest rate cut in September, signaling market anticipation of monetary easing.
馃毃 NEWS FLASH: Powell says no widespread support for 50bps rate cut today. #Powell
馃毃 NEWS FLASH: Powell urges full commitment to restoring 2% inflation target. #Powell
馃毃 NEWS FLASH: Traders continue to expect a Federal Reserve rate cut in September amid ongoing market speculation.
馃毃 NEWS FLASH: Powell says inflation rose recently, remains elevated; GDP growth slows due to consumer spending drop. #Powell
馃毃 NEWS FLASH: Powell says revised jobs data show labor market no longer solid. #Powell
馃毃 NEWS FLASH: The US unemployment rate now exceeds the number of available job openings in the labor market.
馃毃 NEWS FLASH: Powell signals quarter-point rate cut as markets price in rate path without endorsement. #Powell
馃毃 NEWS FLASH: Powell says quarter-point rate cut won鈥檛 make huge difference. #Powell
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