US 10-Year Treasury Yield Falls
US Treasury yields fell by up to 5 basis points to 3.807% as investors anticipated larger Fed rate cuts this year. Fed Chair Jerome Powell signaled readiness to cut inte…
More here: t.co/AdIot28g1y pic.twitter.com/rGam65VO7z
— TRADING ECONOMICS (@tEconomics) August 23, 2024
Powell: "the time has come" for the central bank to begin lowering interest rates
— unusual_whales (@unusual_whales) August 23, 2024
#Powell at #JacksonHole signals rate cuts as the main focus is now on weakening labor data, the Yield Curve continues its path to UN-Invert. t.co/Ddg3fsrNiD pic.twitter.com/uEz4TqvE7a
— The Coastal Journal (@1CoastalJournal) August 23, 2024
Jerome Powell says the time to cut rates is now as unemployment begins to move sharply the wrong way #MacroEdge
— MacroEdge (@MacroEdgeRes) August 23, 2024
Translation of the speech:
We are going to be cutting like a pair of scissors
— QE Infinity (@StealthQE4) August 23, 2024
BREAKING: The S&P 500 rises 1.5% after Fed Chair Powell says "the time has come" for Fed rate cuts.
Now, the S&P 500 is officially up more than 10% from its August 5th low.
In other words, the index has added back over $4.5 TRILLION of market cap in just 3 weeks.
The Fed pivot… pic.twitter.com/v9LB7cVWoe
— The Kobeissi Letter (@KobeissiLetter) August 23, 2024
* POWELL: 'WE DO NOT SEEK OR WELCOME' FURTHER COOLING IN LABOR MARKET CONDITIONS
* POWELL: LABOR MARKET COOLING 'UNMISTAKABLE,' NO LONGER OVERHEATED
* POWELL: 'MY CONFIDENCE HAS GROWN' THAT INFLATION IS ON SUSTAINABLE PATH BACK TO 2%
— Win Smart, CFA (@WinfieldSmart) August 23, 2024