WSJ reporter Nick Timiraos reported that the Federal Reserve announced a 25 basis point rate cut at the September FOMC meeting, with a dovish tone in the statement. A majority of officials projected at least three more cuts this year. Miran was the sole dissenter at this meeting, advocating for a 50 basis point cut. Seven participants anticipated no further cuts in 2025, while two expected only one more, but overall dissent was limited. https://t.co/uEWs2wgTHI ...

💥BREAKING:POWELL’S PRESS CONFERENCE IN 30 MINUTES.DOVISH TONE WILL BE MASSIVELY BULLISH. https://t.co/sPiXJFu93G ...

Powell came in soft and we are turbo ripping.We love to see itThe market was pricing in a hawkish tone.We got a VERY dovish tone, and we are now seeing it all play out in real time.Higher for longer.Easy (@EasyEatsBodega):Market sell off in preparation for Jackson Hole Friday.Markets are essentially pricing in hawkish tone.In the most basic form of verbiage- Markets think rate cuts are no longer a guarantee for September- Powell speaks Friday, if he hints at all at no rate cuts. Market ...