FOMC Press Conference on 20 September highlight

It is a 27-page transcript taken on 20th September, and I have highlighted some of his key statements.

On Energy Price:

"Energy prices are very important for the consumer. This can affect consumer spending. It certainly can affect consumer sentiment. I mean, gas prices are one of the big things that affects consumer sentiment. It really comes down to how persistent, how sustained these energy prices are. The reason why we look at core inflation, which excludes food and energy, is that energy goes up and down like that. And energy prices mostly don't contain much of a signal about how tight the economy is, and hence don't tell you much about where inflation is really going. However, we're well aware, though, that, you know, if energy prices increase and stay high, that will have an effect on spending. And it may have an effect on consumer expectations of inflation, things like that. That's just things we have to monitor." $WTI Crude Oil - main 2311(CLmain)$

Inflation affects the rich and not so rich:

"The people who are most hurt by inflation are the people who are on a fixed income. If you're a person who spends all of your income, you don't really have any meaningful savings. You spend all your income on the basics of life, clothing, food, transportation, heating, the basics, and prices go up by 5 percent, 6 percent, 7 percent, you're in trouble right away, whereas even middle class people have some savings and some ability to absorb that. So it is for those people as much as for anybody that we need to restore price stability, and we want to do it as quickly as possible."

$S&P 500(.SPX)$ $NASDAQ(.IXIC)$

The recent article, we connected the dots to help explain the factors contributing to the current high-interest rate environment and bank runs. We also provided insights into the risks and future opportunities that lie ahead using the 'Quantamental' approach.

可能是包含下列内容的图片：钞票和上面的文字是“CLASSIFIED 5 CLASSIFIED”

Follow me to learn more about analysis!!