๐ฃ FED Update | Jerome Powell & Fed Main Points ๐บ๐ธ๐
๐ฆ Easy Summary:
โข Powell said the Fed might soon stop Quantitative Tightening (QT) after cutting its balance sheet from $9 trillion to $6.6 trillion.
โข The job market is clearly slowing down, which could support a rate cut in September.
โข The Fed plans to manage money and its balance sheet in a more flexible way.
โข Michelle Bowman also supports 2 more rate cuts this year.
โข Powell made it clear โ future decisions will depend on data, not politics.
๐ฅ Main Point:
The Fed is moving from a tight policy to a more easy and supportive one. Markets are already getting ready for this next big step.
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