According to PANews, 10x Research shared insights on the X platform regarding the Federal Reserve's recent actions. As anticipated, the Fed has lowered its economic growth forecast and slightly slowed the pace of its balance sheet reduction, known as quantitative tightening (QT). Although these measures are not as dovish as the market had hoped, they still lean towards a dovish stance. Federal Reserve Chair Jerome Powell reinforced this tone during a post-meeting press conference, emphasizing that the recent rise in inflation might be temporary, while long-term inflation expectations remain stable
source: https://www.binance.com/en/square/post/21830974671698?utm_source=BinanceNewsRSS