Chair

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-responds-to-fed-chair-powells-insights-on-economic-stability/" data-wpel-link="internal">Market Responds to Fed Chair Powell’s Insights on Economic Stability</a> 
A dynamic week has commenced for <a href="https://en.coin-turk.com/fake-news-shakes-cryptocurrency-markets/" data-wpel-link="internal">cryptocurrency</a> traders, with significant data expected this Friday. As this piece is being prepared, Fed Chair Powell is making remarks that are causing immediate fluctuations in BTC prices. His statements are essential indicators of the current economic situation. 
<h2 style="text-align: justify" id="insights-from-fed-chair-powell">Insights from Fed Chair Powell</h2> 
During his address at the National Association for Business Economics Annual Meeting, Fed Chair Powell expressed confidence in the labor markets ahead of Friday’s data release. He stressed that they do not expect any surprise increases in inflation with the onset of interest rate cuts. Key highlights from his remarks include: 
<ul style="text-align: justify"> 
 <li>Powell: The U.S. economy is in solid shape; we intend to use our tools to maintain this.</li> 
 <li>Powell: We have made good progress toward restoring price stability without a painful rise in unemployment.</li> 
 <li>Powell: A 50 basis point rate cut reflects increasing confidence in the labor market’s strength and efforts toward inflation targets.</li> 
 <li>Powell: Services inflation will continue to decrease as long as rental growth remains low for new tenants.</li> 
 <li>Powell: Disinflation is broad-based, and recent data shows further progress toward a sustainable return to 2%.</li> 
 <li>Powell: My colleagues and I are increasingly confident that inflation is on a sustainable path toward 2%.</li> 
 <li>Powell: Conditions in the labor market are solid, and the labor market is roughly in balance.</li> 
</ul> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-393071 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/BTCUSDT_2024-09-30_21-03-39.png" alt="" width="1815" height="836"> 
Traders of short-term interest rate futures in the U.S. continue to forecast that the Fed is more likely to implement a 25 basis point cut rather than a 50 basis point cut in November. 
The post <a href="https://en.coin-turk.com/market-responds-to-fed-chair-powells-insights-on-economic-stability/" data-wpel-link="internal">Market Responds to Fed Chair Powell’s Insights on Economic Stability</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Responds to Fed Chair Powell’s Insights on Economic Stability

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