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Last Friday, all three major US stock indices closed higher—Dow Jones +0.22%, Nasdaq +0.31%, S&P 500 +0.19%. The September core PCE data cooled off, giving this week’s rate decision a shot of confidence. With inflation data cooperating like this, there are basically no obstacles left on the path to rate cuts.
The key moment is here: at 3 AM on Thursday, the Fed’s rate decision will be announced, immediately followed by Powell’s monetary policy press conference. The market is currently betting on a 25 basis point rate cut, but Powell’s last speech caused the market to drop directly. What he say
View OriginalThe key moment is here: at 3 AM on Thursday, the Fed’s rate decision will be announced, immediately followed by Powell’s monetary policy press conference. The market is currently betting on a 25 basis point rate cut, but Powell’s last speech caused the market to drop directly. What he say













