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Jerome Powell clearly got ahead of himself last year… On November 1, 2023, Jerome Powell took a victory lap that he had slayed the inflationary beast. He began talking about interest rate cuts coming in 2024. At the time, inflation was trending downward, but it was still NO WHERE NEAR THE 2% TARGET. That sent the market on a frenzy higher- 25% in 5 months. Fun fact: the market has only run 25% in 5 months 7 times since WWII. But now, inflation has reaccelerated. I told you prior to the last meeting I thought Powell would step up and admit they were too early in talking about cuts- but he didn’t. Does that change this week? And if so, what happens to the market!? #stocks #finance #jeromepowell #powell #thefed #federalreserve #investing #investor #economics #inflation #interestrates #lifegoalnation #lifegoalinvestments
Duration: 88 sPosted : Mon, 29 Apr 2024 14:55:04Views
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