Reported about 2 months ago
Federal Reserve Chair Jerome Powell's recent announcement about forthcoming interest rate cuts has sparked debates among traders over the magnitude and trajectory of these reductions. While Powell indicated a need for caution and emphasized data dependence in determining the exact timing and size of cuts, the markets have reacted positively, leading to a decrease in Treasury yields and the dollar. Upcoming economic data, especially related to the labor market, will play a critical role in shaping investors' strategies moving forward.
Source: YAHOO