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Udabur Investment:CNBC DAILY Open: NO Surprises for Wall Street from Powell

Time:2024-10-29 Read:19 Comment:0 Author:Admin88

CNBC DAILY Open: NO Surprises for Wall Street from Powell

No news is, Perhaps, good news as good street is concept.Udabur Investment

Fed Char Jerome Powell Stuck Closly to script in the first of two Capitol Hill APPEARANCES This Week.

In Prepared Remarks, He Told Lawmakers The Fed Expector to Cut Rates This Year in Order to Avoid Unnecessarily Constraining Growth. But he also noted print tow ARD HITTING The FED❼2% INFLATION GOAL WASN❽ "assured."

"ReduCing Policy Restraint Too Soch Could Result in a Reversal of Progress We Have Seen Inflation and Ultimate Require Even Tighter Policy," Said. "At the same time, Reducing Policy RESTRAINT TOO LATE LATTLE COULD UNDULY Weaken Economicactivity and emblayment. ""

Investors are keeping a close watch on the fed chief -Comments to get more class on the Central Bank❼timing for rate cuts.

"The waiting Game Continues. Everything else in the writen testimony is Boilerplate About Progress on Inflation Over the Past Year and the Labor , "Wrote Ian Shepherdson Chairman and Chief Economist at Pantheon Macroeconomics." In Short, No Surprises, Nonews. ""

Mohamed El-Erian, allianz chief economic advisor posted on x, that popll "is faciling some quite aggressivelingal questioning on the impact of high rages ... His ... Response is, underStandably, to reneatedly refer back to the inflation mandateChennai Stock. ""Hyderabad Investment

"The site will be ben less uncomfortable for the fed had been well, "He added.Varanasi Stock

"Therefore, had to hike raters aggressively and to a hIGHER Level Than Woul Been Otherwise Necessary." "" "" "" "". "


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