Mohannad Abbas Haddadin, GM of Jobkins Center for Strategic Studies, an expert, strategic and economic analyst, said that apparently the US Federal Reserve Chairman Jerome Powell sensed Trump's seriousness to dismiss him if he did not lower interest rates next month, as he spoke today at the Jackson Hole in Wyoming, and pointed out that the US economy was on fragile enough ground that the central bank may soon need to cut interest rates.
اضافة اعلان
Although Jerome Powell had previously said that the tariffs imposed by Trump raised prices and will lead to more inflation, he had previously indicated that interest rates would not be cut in September, but what Jerome spoke about today was different from his previous talk, where he stated that tariffs have a short-term effect on inflation, and there will be an opportunity for reductions perhaps next month, and there may be two reductions until the end of the year .
Haddadin predicted that the reduction at the end of the year will be from 50-70 points by two times.
The world is still waiting for the next meeting between Putin and Zelensky and the possibility of reaching an agreement to end the war based on the exchange of territories, a solution supported by the United States and opposed by the Europeans.
In addition to the fact that Iran is still far from the negotiating table, all this may introduce us with new economic sanctions affecting the global economy, in addition to the fact that Israel is still prolonging the Gaza war for reasons that will benefit the Israeli prime minister politically, and this may return the situation in the Middle East to square one.
In general, Powell's speech today led to an upward bounce in the prices of gold, cryptocurrencies, and US stocks before the weekend close on Friday.
