Express News | The three major US stock indexes collectively fell, with the Dow Jones Industrial Average and the S&P 500 Index both hitting new intraday highs.
A review of Powell's speech: There is no fixed interest rate path, and there is currently no sign of a recession in the US economy.
①Powell said that there are currently no signs of a recession in the US economy, and he does not believe that an economic recession is imminent; ②Powell emphasized that no fixed interest rate path has been set and decisions will be made progressively through meetings.
Express News | Federal Reserve Chairman Powell: It should not be assumed that a 50 basis point rate cut represents a new rhythm.
Express News | Federal Reserve Chairman Powell: The Federal Reserve will accelerate, slow down, or pause interest rate cuts as appropriate.
Express News | Federal Reserve Chairman Powell: The overall strength of the US economy has cooled down the labor market from its previous overheated state.
Cutting interest rates by 50 basis points! The Federal Reserve initiates a aggressive first step to open a period of monetary easing.
Understand the attitude changes of policymakers in the Federal Reserve's latest statement, providing investors with the latest macroeconomic news.