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Powell opened his mouth and we dumped right on cue. Literally doesn't even matter what he says unless it's RATE CUT RATE CUT
>Fed Chair Powell Says We Continue To Make Decisions Meeting By Meeting; Have Made Considerable Progress Toward 2% Inflation Goal, Recent Monthly Readings Show 'Modest Further Progress'; Inflation 'Remains Above' 2% Goal; Labor Market Conditions Have 'cooled While Remaining Strong,' 'Not Overheated'
>Fed Chair Powell Says Risks To Achieving Employment, Inflation Goals 'coming Into Better Balance'; U.S. Economy Expanding At 'Solid Pace'; Restrictive Policy Is Helping Put Downward Pressure On Inflation; Reducing Restraint Too Soon Or Too Much Risks Reversing Inflation Progress; Reducing Restraint Too Late Or Too Little Could Unduly Weaken Economy, Job Market
>Fed Chair Powell Says Fed Will Carefully Assess Incoming Data, Balance Of Risks, Appropriate Policy Path In Rate Adjustments; Remain Committed To 2% Inflation Goal, Keeping Longer-Term Inflation Expectations Well-Anchored; Fed's Operational Independence Needed To Take Longer-Term Perspective In Pursuit Of Goals
