“The Fed’s Strategy: A rate cut is in sight”

Powell Announces: Federal Reserve Chairman Powell revealed plans to cut interest rates next year.

Optimistic outlook: Powell expressed cautious optimism about easing the fight against inflation in 2024.

Rates unchanged: The decision to keep rates unchanged follows a historic rise in interest rates.

Inflation update: Inflation has eased but remains above the Fed’s target.

Economic uncertainty: Powell acknowledged that despite the positive indicators, there is still uncertainty about the economic development.

The economy is resilient: Strong employment and strong consumer spending reflect the economy's resilience.

Impact of rising interest rates: Raising interest rates affects the housing market and discourages major corporate investments.

GDP Growth: GDP grew significantly, easing fears of a recession.

Commitment to target: Powell emphasized his commitment to lowering inflation to his 2% target.