Mr. Powell Speaks.
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Mr. Powell Speaks.
Mr. Powell speaks in Europe; for the most part, things remain the same.
We may think that the latest numbers on inflation point towards an imminent rate cut, but much more information is needed before a decision is made...
Mr. Powell stated that progress has been made over the last couple of months, however, expect a bumpy road for some time before obtaining our ultimate goal.
As part of the conversation, concerns about the ongoing conflicts were discussed. Being in Europe, the possibility of a direct impact on Euro Zone economies is a far more significant point of interest.
Another area covered as a primary concern for the entire world...cyber attacks.
The Fed is prepared for many unforeseen obstacles that may develop within the economy, but a significant cyber event directed at our banks is entirely a different story. No one knows how this will play out, including the Fed.
For more details from the Fed comments...contact IMG.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
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