In context of the recent Fed rate hike and the robust jobs report, Jerome Powell will deliver a speech on the state of the economy.
Jerome Powell's speechIn the context of strong U. S. human resources market statistics released last week, the Federal Reserve Jerome Powell will speak at an event on Tuesday. After the Fed meeting announced an interest rate hike of 25 percentage points, both the stock market account and the password sales market rebounded, which was within expectations. However, the latest employment data information may have a significant impact on the decisions to be made by the central bank to manipulate inflation. The report actually represents the lowest level of unemployment in the United States in 54 years.
The United States added as many as 517000 jobs in January, according to data released by the Labor Audit Office. In fact, this figure far exceeds the market forecast. Compared with December, job growth improved significantly, with an increase of 223000 jobs reported in December.
Jerome Powell's speech: small details of theme activities
At a time of growing anxiety about the impact of his employment data on the determination of future annual interest rates, Jerome Powell planned to speak at an event organized by the Economic Development Club in Washington. Peter Rubenstein, co-founder and co-chairman of Carlyle, will appeal to Powell at the event. Interestingly, Rubenstein expressed his confidence in the development potential of the login password field in his recent comments. He pointed out that he had his eye on the login password, adding that some blockchain companies would also be successful. Here are the small details of Jerome Powell's wonderful speech:
Rubenstein will interview Powell on February 7, 2023. The press conference will begin on the 11th in the morning. Then there is the variety show at 12:00 in the afternoon. ET "
After the release of the employment data, the US stock index (DXY) rose rapidly by 0.5%, while the price of BTC (BTC) fell. As of this writing, Bitcoin was trading at $22852, down 1.47% in the past 24 hours, according to CoinGape Price tracking.