Wed, September 18, 2024 at 17:18

• 

  Kang-hoon

  • Hello, Annie.

  • Today, we have significant news regarding the financial markets.

  • The US Federal Open Market Committee (FOMC) is expected to announce an interest rate cut decision later today, followed by a speech from Jerome Powell.

  • 
• Annie

  • Oh, that sounds important!😊 When exactly will these events take place?

  
• 

  Kang-hoon

  • The US Fed meeting started on September 17 and will conclude today.

  • The interest rate cut decision is expected at 2:00 PM ET, followed by Jerome Powell's speech at 2:30 PM ET.

• Annie

  • Got it.

  • So, where can we watch Jerome Powell's speech?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • The US Federal Reserve will hold a live streaming of the event on its official website.

  • Additionally, it will be broadcasted on their other social channels like YouTube.

• Annie

  • Great, I'll make sure to tune in.

  • What are the expectations regarding the interest rate cut?

  
• 

  Kang-hoon

  • According to the CME FedWatch Tool, the market is 100% confident about a rate cut.

  • There is a 55% probability of a 50 basis points cut, while the remaining percentage anticipates a lower cut of 0.25%.

• Annie

  • That's interesting.

  • Have the markets already priced in this rate cut?

  
• 

  Kang-hoon

  • Yes, many economists believe that the market has already priced in the rate cut.

  • However, the real impact might come from Jerome Powell's speech and the stance he takes.

• Annie

  • I see.

  • So, what could be the potential impact of Powell's speech on the market?

  
• 

  Kang-hoon

  • Market pundits suggest that a dovish comment from Powell could trigger a potential rally, while a more hawkish stance could dampen market sentiment.

• Annie

  • Wow, it sounds like his speech is going to be crucial.

  • What should investors keep an eye on?

  
• 

  Kang-hoon

  • Investors should closely watch Powell's tone and any hints about future monetary policy.

  • His comments on economic conditions and inflation will be particularly important.

• Annie

  • Got it.

  • Do you think this news is a positive sign for the market?

  
• 

  Kang-hoon

  • Yes, I believe it is a positive sign.

  • The anticipated rate cut and a dovish stance from Powell could boost market confidence and potentially lead to a rally in both global stocks and the crypto market.

  • 
• Annie

  • That's reassuring to hear.

  • Thank you for the detailed explanation, Kang-hoon!😊

  
• 

  Kang-hoon

  • You're welcome, Annie.

  • Always happy to help.

  • Let's keep an eye on the developments later today.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.