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Powell emphasized: the substantial interest rate cut is to stabilize the employment market, and the U.S. economy is still in a strong state.
Federal Reserve Chairman Powell pointed out at the press conference that the main purpose of this rate cut is to stabilize the employment market.
The Federal Reserve announces! 50 basis points cut, Powell's heavyweight statement!
The Fed's interest rate cut is finally here!
Here comes the full text! Powell's press conference was quite hawkish, causing a major reversal in assets. What did he say exactly? (Chinese-English Comparison)
If the economy remains stable and inflation continues to exist, the Federal Reserve will switch to cutting interest rates more slowly; if the labor market unexpectedly weakens or inflation decreases faster than expected, it is also prepared to respond with aggressive interest rate cuts.
Gundlach Says the Fed Still a Bit Behind the Curve After Large 50bp Rate Cut
IShares 20+ Year Treasury Bond ETF Options Spot-On: On September 18th, 912.84K Contracts Were Traded, With 5.3 Million Open Interest
On September 18th ET, $iShares 20+ Year Treasury Bond ETF(TLT.US)$ had active options trading, with a total trading volume of 912.84K options for the day, of which put options accounted for 42.57%
Express News | Federal Reserve Chairman Powell: It should not be assumed that a 50 basis point rate cut represents a new rhythm.