Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference

Published On Dec 4, 2024, 1:25 PM

Federal Reserve Chair Jerome Powell spoke at the DealBook conference, addressing key topics such as central bank independence and cryptocurrencies. As the Fed approaches a decision on interest rates, expectations are building for a quarter-point reduction, following previous cuts earlier this year. However, recent inflation increases have led policymakers to adopt a cautious stance, indicating that any potential adjustments will be closely monitored based on incoming economic data.

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Stock Forecasts

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Positive

With the anticipated interest rate cut from the Fed, financial sectors such as banks might see some weakness as margins tighten. However, rate cuts tend to support equity markets more broadly, especially in growth stocks as borrowing costs decrease. This context may favor investment in growth-focused ETFs and stocks, particularly in tech and consumer discretionary sectors.

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Positive

As the Fed highlights crypto discussions, this could bolster interest and investment in blockchain technologies and related companies. ETFs focused on blockchain could see increased inflows as investors anticipate potential regulatory clarity.

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