·*Stimulus-addicted Wall Street surged after a roller coaster move as
Powell signaled an imminent rate cut in his Jackson Hole speech *
·*But Powell didn’t commit to a Sep’24 rate cut; the Fed will be data
dependent; i.e. will evaluate the August employment situation and core
inflation report for any policy action*
·*Latest jobless claims data indicate that the US unemployment rate may
fall back to 4.0% or even 3.9% in August/coming months (just ahead of
the Nov’24 election)*
·*The US manufacturing recession and job loss is a legacy and structural
issue that can’t be resolved by mere Fed rate cuts***
·*The US service sector labor market is still tight and robust
*
*https://www.iforex.com/news/dow-surged-hypes-early-fed-pivot-after-powell%E2%80%99-202408222200
***
--
Regards,
Ashish Ghosh
Research Analyst/Signal Provider/Content Writer
(iFOREX and Misc.)
Global and Indian market
https://twitter.com/ashishjpg
--
Kindly email stock reports at
STOCKRESEARCHER@googlegroups.com
For sharing knowledge
-- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE.
http://www.niftyviews.com/
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The administrator of
www.Niftyviews.com just provide a platform for the authors to express their opinion
and take no guarantee for the genuineness of the same."ANY member of this forum
doesnt prepare or publish any research report; or ii. provide research report; or
iii. make 'buy/sell/hold' recommendation; or iv. give price target;
---
You received this message because you are subscribed to the Google Groups "Niftyviews.com" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to stockresearcher+unsubscr...@googlegroups.com.
To view this discussion on the web, visit
https://groups.google.com/d/msgid/stockresearcher/0bf393aa-f038-4f3e-ae13-077488d9070d%40gmail.com.
