Watch the Fed’s press conference following the rate decision By Investing.com

Investing.com – Jerome begins his speech, going up the.

Jerome Powell acknowledges that inflation is high, but that it will come back down, and also confirms that the unemployment rate has not reached the expected level.

Powell acknowledges that bottlenecks in supply chains are longer than expected by the Fed.

Powell expects inflation to continue to rise in the coming months, which will encourage the price of gold to rise.

Powell agrees that inflation is high, but not alarming.

Delta tension represents a risk for the resumption of economic growth.

Powell talks about the importance of the $ 120 billion procurement programs and their role in keeping the pace of economic growth. If economic growth continues, procurement programs are expected to be tightened by the middle of next year, but he says no decisions have been made.

Powell says the rate of tightening could start in the middle of next year.

Fiscal policy will remain flexible until the economy meets the objectives of price stability and full employment.

Powell points out that the expectations of the members of the Governing Council of the central bank do not amount to a “plan” for the Federal Reserve.

Fed Jerome Powell has met its inflation targets.

The Fed may announce a tightening at the next meeting, as the committee reassesses price stability and full employment targets.

Powell believes a total tightening will be in place by the middle of next year.

Market update

Gold loses profits after Powell announces specific dates to start weather planning

The Dow Jones wins above 360 ​​points.

Slightly dropped back to 2% profit. And the room goes down a bit.

Updates to Powell’s Statement

The Fed could easily start tightening next November.

Update 22:04

Strong jobs reports will support monetary tightening in November.

No one should expect the Fed to protect the market or the economy in the event of a default.

Update 22:14

The Evergrande case in China Evergrande Group (HK 🙂 is for China, which faces the highest debt ratios of an emerging economy, but there is no comparison between its situation and that of US companies.