đŁ FED Update | Jerome Powell & Fed Main Points đșđžđ
đŠ Easy Summary:
âą Powell said the Fed might soon stop Quantitative Tightening (QT) after cutting its balance sheet from $9 trillion to $6.6 trillion.
âą The job market is clearly slowing down, which could support a rate cut in September.
âą The Fed plans to manage money and its balance sheet in a more flexible way.
âą Michelle Bowman also supports 2 more rate cuts this year.
âą Powell made it clear â future decisions will depend on data, not politics.
đ„ 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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