📈🦉 Jerome Powell, Chairman Federal Reservemade an important statement yesterday, even though the stock market was closed for a holiday. His statements sounded quite cautious.

It seems to me that, based on these comments, we can conclude that Fed is nowhere near ready to cut interest rates.

Here are Powell's comments : "If our baseline scenario does not materialize, we will hold rates at current levels for an extended period of time." This comment suggests to us that theFed is not yet fully convinced of the "right" macroeconomic situation. Further, Powell states that they may hold rates at current levels if inflation does not fall to projected 2% target. We also learn thatPowell doesn't expect rates to return to pre-pandemic levels (0,5 % - 2,5 %). However, he also believes that the economy is not suffering from the current level of rates.

What is your view on the current market situation? When do you think Fed the Fed will move to lower interest rates?