Against the backdrop of sky-high global energy prices...

Powell’s Latest Remarks: No Decoder Ring Needed [StreetAuthority]    [Against the backdrop of sky-high global energy prices…]( Treasury Secretary Yellen just suggested a ridiculous “solution” to our Russian oil problem. An action that has JP Morgan ringing the alarm bells and of $380 per barrel of oil.  But Texas isn’t having it. Geologists recently unearthed [an oilfield so large, that it dwarfs any in history… by a wide margin…]( So, While they hash things out on capitol hill… I’m showing investors a white-hot profit opportunity with the potential to shell out a 4,022% payday. [Get the full story here.](   Powell’s Latest Remarks: No Decoder Ring Needed By John Persinos  In testimony to Congress last week, Federal Reserve Chair Jerome Powell told lawmakers the central bank was “not far” from being able to cut interest rates. Powell said inflation has “eased notably” over the past year, without major spikes in unemployment. He concluded that rate cuts “can and will begin” this year. I happen to own a Fed-speak decoder ring, but in this case, it isn’t needed. For once, Powell wasn’t opaque. It’s clear that rate cuts are on the way. [The testimony]( is Powell’s last scheduled public appearance before the next meeting of the Federal Open Market Committee (FOMC) meeting on March 19-20. The consensus on Wall Street is that the Fed will stand pat until it initiates the first cut at its June 11-12 meeting. The U.S. labor market is showing signs of moderation, which is what the Fed wants to see. The [U.S. nonfarm-jobs report]( for February presented a mixed picture of the labor market. While the headline figure exceeded expectations with 275,000 jobs added, a closer look revealed underlying softness. Notably, last month’s figures were revised downward significantly, and the unemployment rate climbed to 3.9%. Moreover, average hourly earnings moderated from 4.5% to 4.3% year-over-year. Despite these signals of a cooling labor market, investors welcomed the lower wage growth, aligning with the Fed’s focus on alleviating inflationary pressures. [Read More...](   [This “End Game” scenario could usher in game-changing gains…](  Global finance’s most dangerous game has begun. The stage: Over 114 nations. The major players: [Politicians, Bankers… and you?]( The stakes: a shot at up to $1.1 million in nest-egg-building wealth… want to get your name in the game? [Get the full story HERE.]( You are receiving this email at {EMAIL} as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms]( |  [Privacy]( |  [Unsubscribe]( ©2024 StreetAuthority 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.