In his semiannual Congressional testimony, Fed Chair Jerome Powell’s prepared remarks highlighted the necessity for Fed to await “greater confidence” in inflation’s sustainable movement towards 2 % target before considering any reduction in policy rates. Powell acknowledged the policy rate is “likely at its peak” for the current cycle, and it’s appropriate for “dialing back […]
The post Fed Powell stands firm: No rate cuts without greater confidence appeared first on Action Forex.
There’s so much drama taking place in the world. Last week alone, investors watched the U.S.-Iran war escalate, sending energy prices sharply higher. The Strait of Hormuz was closed after massive airstrikes by the U.S. Read more…
The U.S. government’s own space watchdog is raising serious doubts about whether SpaceX can pull off a moon landing on schedule. And the concerns go deeper than just another missed deadline. A new audit from Read more…
The IEA has officially pulled the trigger on a “historic bazooka,” yet the oil market’s response has been a collective shrug. By authorizing a 400-million-barrel release—the largest coordinated action in the agency’s history—the IEA intended Read more…