The Fed shifts focus to employment, Powell says inflation risks have dropped.

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On September 18, Fed Chairman Powell emphasized that, given signs indicating that the labor market is "truly cooling," the Fed is leaning towards achieving "maximum employment" in its dual mandate after a long-term focus on inflation. He stated that since April, the persistent high inflation risks have diminished, partly due to a slowdown in job growth. The Fed's basic assumption is that the impact of tariffs on inflation may be temporary. He noted, on the other hand, that the downside risks in the labor market have increased, and the number of new jobs appears to be below the so-called "breakeven rate" required to keep the unemployment rate unchanged.

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Web3ProductManagervip
· 4h ago
running some quick adoption metrics here... powell's pivot is the classic product-market fit inflection point we've been waiting for tbh
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RamenDeFiSurvivorvip
· 8h ago
Paving the way for interest rate cuts again.
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MetaverseLandlordvip
· 09-17 20:04
Inflation has been dealt with, but the underlying situation is even worse.
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PretendingSeriousvip
· 09-17 19:57
The bull market interest rate hike should be coming to an end, right?
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PonziWhisperervip
· 09-17 19:55
Still practicing Tai Chi, both employment and inflation need to be considered.
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MissingSatsvip
· 09-17 19:54
Why spend so much effort explaining, anyway, still playing people for suckers.
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YieldHuntervip
· 09-17 19:43
technically speaking, powell's pivot = more risk-on opportunities ahead
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