Chair Powell answers reporters' questions at the FOMC press conference on June 12, 2024. www.federalreserve.g…

Not sure I've ever seen the chairman of the Federal Reserve publicly accuse the White House of cooking the books on employment numbers, but here we are.

Summary of Fed Chair Powell today: 1) He opened the door to a September rate cut (He said 1 or 2 are "plausible" in 2024) 2) Economy remains strong. "We're getting good results here" 3) Fed needs more good data on inflation 3) He thinks labor market is back to 2019 conditions

What's New to The Street... U.S. stocks closed mixed as investors await the Fed policy meeting conclusion. The S&P 500 and Nasdaq hit record highs, rising 0.3% and 0.9% respectively, while the Dow dipped 0.3%. 📈📉 @vincemedia1 👉🏻Follow @NewToTheStreet for more! #StockMarket…

Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation. hubs.la/Q02BCf_L0

Fed Chair Powell Tempers Market Excitement: 'We Want To Gain Further Confidence' On Inflation Powell stressed the need for more confidence in inflation before considering rate cuts. The Fed will closely monitor labor market conditions, with unexpected weakness potentially…

"And while Fed Chair Jerome Powell repeatedly demurred in his news conference, Michele and El-Erian both saw the balance of risks in the economy leaving September squarely on the table for a first rate cut." www.bloomberg.com/ne… via @markets

BoC's Macklem says that the BoC monetary policy can continue to diverge compared to the Fed. "There is a limit but we are not at that limit."

The #FederalReserve will meet again at the end of July. In the meantime, here are some of the US economic data reports I’ll be watching.

Federal Reserve is likely to scale back plans for rate cuts because of still-elevated inflation trib.al/7iow7Be

Federal Reserve officials left interest rates unchanged in their June decision and predicted that they will cut borrowing costs just once before the end of 2024. More: 808ne.ws/4cmcZVr via @nytimes

🚨🇺🇸POWELL: IT AIN'T SO BAD...ECONOMY IS OK-ISH Chair of the Federal Reserve: "We are seeing what we wanted to see in the economy right now, we are getting good results here. We have the ability right now to approach rate-cut question carefully." Source: NBC

Highlights from today's fed statement & Powell presser:

Pres. & WARMONGER Macron = ECON DISASTER. Gov't expenditures = a stunning 57.3% of GDP; fiscal deficit = 5.5% of GDP; debt to GDP = 110.6%; & military expenditures increased 14.3% last yr. 2024 projected growth = A PATHETIC 0.8%. THE FRENCH ARE FED UP. www.nytimes.com/2024…

Stocks on Wall Street turned sharply higher early Wednesday after the government reported that inflation pressures eased in May, data that investors hope could move the Federal Reserve closer to cutting its benchmark interest rate from a 23-year peak. trib.al/zXqSMZl

"We don't think it'll be appropriate to loosen policy until we're more confident that inflation is moving down to 2%," Fed Chair Powell tells @Jenniferisms. "That's our dual mandate there. We have a strong economy. We have growth."