Well, as expected, FED Chair Jerome Powell mentioned in his speech what everybody listening expected: a rate cut in interest rates is appropriate and will happen, probably in a month. It is expected to be 1/4% or 0.25%- not much, but clearly demonstrates direction-lower.
The stock market and financial world was ho hum as this was what was anticipated. Maybe more will occur, but at least the trend is toward lower interest rates. Ok. Now we can plan for a future, somewhat.
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