The Fed Didn’t Dangle the Interest Rate Cut Carrot

[] We've seen more boom from the teasing of a rate cut than we would have ever seen from an actual cut in interest rates. [] [] [] The Fed Didn’t Dangle the Interest Rate Cut Carrot As I've written to you before, the Fed is endlessly dangling the carrot of a potential rate cut right in front of us. So much so that as Wall Street has gotten hopeful and the markets have run over the last year, we've seen more boom from the teasing of a rate cut than we would have ever seen from an actual cut in interest rates. Well, earlier today Fed Chair Jerome Powell spoke in front of the Senate Banking Committee and did something very interesting… he never dangled the carrot of cutting interest rates. In his testimony, Powell referenced that inflation reports covering the first three months of this year did not boost the Fed's confidence that inflation was coming under control. However, he went on to share… “The most recent inflation readings, though, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%”. Powell also shared that the job market has “cooled considerably.” And the economy’s growth has slowed after a strong expansion in the second half of 2023. He also went on to discuss the job market and shared that it “is not a source of broad inflationary pressures for the economy” despite the unemployment rate rising for a third straight month to hit 4.1%. But something really interesting was absent from Jerome Powell’s testimony today… He never mentioned when we could expect rate cuts — something Wall Street was eager to hear. His comments on rate cuts were brief and only in response to a question from Democratic senator Jack Reed of Rhode Island. Powell shared: “It doesn’t seem likely that the next policy move would be a rate increase. As we make more progress on inflation ... we begin to loosen policy at the right moment.” Many investors and much of Wall Street believe that the first cut in interest rates will come at the central bank meeting in September. Whether that will happen or not, I have no idea. But it is interesting how the Fed and Jerome Powell have seemingly started to realize that both Wall Street and everyday investors are getting sick of the Fed dangling the interest rate cut carrot with no action backing it up. So much so that there wasn’t a mention of the topic on one of the most public of stages. Tomorrow, Powell will speak to the House Financial Services Committee and it will be interesting to see if he holds the same tone and stays away from talk of rate cuts. [] To your trading success, Nate P.S. We have won 9 out of 9 of our first Automated Options trades. What are you waiting for? [Join here now!]( [] The Fed Didn’t Dangle the Interest Rate Cut Carrot As I've written to you before, the Fed is endlessly dangling the carrot of a potential rate cut right in front of us. So much so that as Wall Street has gotten hopeful and the markets have run over the last year, we've seen more boom from the teasing of a rate cut than we would have ever seen from an actual cut in interest rates. Well, earlier today Fed Chair Jerome Powell spoke in front of the Senate Banking Committee and did something very interesting… he never dangled the carrot of cutting interest rates. In his testimony, Powell referenced that inflation reports covering the first three months of this year did not boost the Fed's confidence that inflation was coming under control. However, he went on to share… “The most recent inflation readings, though, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%”. Powell also shared that the job market has “cooled considerably.” And the economy’s growth has slowed after a strong expansion in the second half of 2023. He also went on to discuss the job market and shared that it “is not a source of broad inflationary pressures for the economy” despite the unemployment rate rising for a third straight month to hit 4.1%. But something really interesting was absent from Jerome Powell’s testimony today… He never mentioned when we could expect rate cuts — something Wall Street was eager to hear. His comments on rate cuts were brief and only in response to a question from Democratic senator Jack Reed of Rhode Island. Powell shared: “It doesn’t seem likely that the next policy move would be a rate increase. As we make more progress on inflation ... we begin to loosen policy at the right moment.” Many investors and much of Wall Street believe that the first cut in interest rates will come at the central bank meeting in September. Whether that will happen or not, I have no idea. But it is interesting how the Fed and Jerome Powell have seemingly started to realize that both Wall Street and everyday investors are getting sick of the Fed dangling the interest rate cut carrot with no action backing it up. So much so that there wasn’t a mention of the topic on one of the most public of stages. Tomorrow, Powell will speak to the House Financial Services Committee and it will be interesting to see if he holds the same tone and stays away from talk of rate cuts. [] To your trading success, Nate P.S. We have won 9 out of 9 of our first Automated Options trades. What are you waiting for? [Join here now!]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](