Good Luck Powell!

Ism numbers and non-farm numbers came in HOT. Total opposite of what Powell said on friday 29.03.2024. It’s allways “We need more good numbers before we cut the rates, but we are expecting rate cut in…”. Before it was seven rate cuts during 2024, but the inflation is still too high and going the wrong way. Maybe there will even be RATE HIKE some say. There is some conspiracy that Powell will try to cut the rate too early for the economy to go better before the election, then Trump has to raise the rate which makes his situaiton harder. Conspirasy though.

Jerome Powell

Also. Earthquake in Taiwan. It could mess up the chip makers to AI. Really excited to see what the AI companies will deliver in Q1. Probably not as well as the expectations.

Best regards

CEO J.E.V

https://www.cnbc.com/2024/04/05/fed-governor-bowman-says-additional-rate-hike-could-be-needed-if-inflation-stays-high.html?&qsearchterm=fed%20governor

https://www.cnbc.com/2024/04/05/top-goldman-economist-downplays-prospect-of-zero-fed-rate-cuts-in-2024.html