Jerome Powell emphasizes need for progress on inflation or weak job market for rate cuts

From Investing.com: 2025-01-29 23:54:00

In a recent speech, Jerome Powell emphasized the need for progress on inflation or a weak job market to prompt interest rate cuts. However, certain commodities like gold, silver, cattle, and oil are expected to rise. Powell also expressed uncertainty about the impact of tariffs, immigration, fiscal policy, and regulatory policy on the economy. Bond charts indicate bullish momentum in the weekly timeframe for TLT, with potential implications for interest rates. In the ETF market, key levels to watch include 600 for SPY, 225-227 for IWM, and 452 for DIA. Additionally, HYG is at 79.40, representing a crucial support level.



Read more at Investing.com: What Long Bonds Tell Us About Fed’s Path