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Ballestas Group

Resilience with Caution: Powell and Inflation Data Redraw Market Expectations

The U.S. economy continues to show resilience, but mixed signals keep the market on edge. In a speech in Dallas, Federal Reserve Chairman Jerome Powell noted that while the labor market has cooled, it remains solid, and the economy has performed "surprisingly well." Inflation, however, is progressing on a "sometimes bumpy road" towards the 2% target. Following these statements, expectations for a December rate cut diminished, and markets no longer anticipate cuts at every future meeting.



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