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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble13/29/2024 10:18:56 PM
2 Recommendations

Recommended By
rdkflorida2
Sonali

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Powell liked the PCE report. Keeps sounding like he wants to cut rates and phase out QT.

From RM’s Weekly:

A key measure of U.S. inflation rose as expected in February, putting a spotlight on whether price growth will be cool enough this spring to justify an interest-rate cut by midyear… “It’s good to see something coming in in-line with expectations,” Federal Reserve Chair Jerome Powell said Friday… Fed officials last week reaffirmed their projections for three interest-rate cuts this year, though the timing of such cuts remains uncertain.

—Charley Grant and Nick Timiraos, “Fed’s Favored Inflation Gauge Rose 2.5% in February,” Wall Street Journal Online, March 29, 2024.

Very bullish.
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