Fed Chair Powell Acknowledges Slowing Economy: Rate Reductions Soon

1. Powell's dovish speech hints at multiple rate cuts before the end of the year. 2. S&P 500 down 1.2% prior to Powell's speech, but recovers afterward. 3. CPI and PPI inflation figures exceeded expectations, raising concerns for the Fed. 4. Weakening labor market and rising inflation risks prompted Powell's dovish tone. 5. Key economic indicators reflect consumer confidence decline and recession risks.