Monday Market Update - February 5, 2024 - Jerome Powell was interviewed on 60 Minutes yesterday evening, where he reiterated the ‘data-dependant’ stance of the Federal Reserve Open Market Committee. His comments were, in typical fashion, balanced and reserved. However, he did say that the FOMC is relatively pleased with inflation and the economy's strength. What does it mean for February and the rest of 2024? Read here to find out.
Data Dependance Continues
Data Dependance Continues
Data Dependance Continues
Monday Market Update - February 5, 2024 - Jerome Powell was interviewed on 60 Minutes yesterday evening, where he reiterated the ‘data-dependant’ stance of the Federal Reserve Open Market Committee. His comments were, in typical fashion, balanced and reserved. However, he did say that the FOMC is relatively pleased with inflation and the economy's strength. What does it mean for February and the rest of 2024? Read here to find out.