#JeromePowell somewhat cooled investors' enthusiasm by pointing out that further rate cuts will be slower than analysts had expected. In particular, he noted:
1) The Fed will not aggressively cut rates;
2) This year, there will likely be two more cuts of 25 basis points;
3) Decisions will be made based on the situation, without rushing;
4) The 50 basis point cut was made to support the labor market.
The #FED is acting very cautiously, trying not to trigger panic in the #markets . To achieve this, they are creating conditions of maximum uncertainty to avoid sharp movements.
