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Kbhi german kbhi US
Fomc Decision in 4mins
Powellโ€™s speech is more important than the rate pause.
That means we will get the first rate cut in September, but the market is reacting to the hawkish statement.
Global financial markets are tumbling because of geopolitical tension caused by the conflict between Israel ๐Ÿ‡ฎ๐Ÿ‡ฑ and Iran ๐Ÿ‡ฎ๐Ÿ‡ท
Bearish for the economy & the money printer is about to start because this indicates rate cuts in the US.
There is a possibility of a 50bps rate cut in sep.