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Powell said it's time to cut: Will the market go wild?
Federal Reserve President Jerome Powell said everything short of 'we are cutting rates in September' at the Jackson Hole, WY Economic Symposium  Friday morning. Show More
Federal Reserve President Jerome Powell said everything short of 'we are cutting rates in September' at the Jackson Hole, WY Economic Symposium  Friday morning.

The market reacted positively, with indexes climbing right up to the shoulder of record highs.
Powell did not specify the timeline of these rate cuts, but did say he is confident the economy is on the way to 2% inflation.

"The time has come to adjust, and the direction is clear," Powell said.
🎙️Discussion
1. What are you taking away from this speech?
2. How will rate cuts affect your investment strategy?

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