In Jackson Hole, Jerome Powell acknowledged the complexity of the moment: "The risks to inflation are tilted to the upside, and those to employment to the downside; a delicate situation." After months of caution, his speech marked a turning point by suggesting that a cut in key interest rates could occur as early as September. This prospect of a cut now seems a foregone conclusion, and it will be difficult for the Fed to reverse course, as the markets appear to have priced in this scenario.
This shift comes as political pressure intensifies. Donald Trump has long called for a much more accommodative monetary policy, aiming for a return of key interest rates to around 1% by 2026–2027. With Jerome Powell's term ending in May 2026, a more dovish successor could further accelerate this trend, with a very likely knock-on effect in Europe.
The market is already anticipating several rate cuts by the end of 2025. This context could make the return on financial investments particularly volatile in the coming years.
In such an environment, the key question becomes: where to direct the liquidity that will return to the market?
More than ever, savers are looking for stable and resilient investment vehicles, capable of weathering economic cycles and geopolitical upheavals.
More than ever, savers are looking for stable and resilient investment vehicles, capable of weathering economic cycles and geopolitical upheavals.
MyMarguerit stands out with its support:
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Tangible and stable, uncorrelated with financial markets and interest rate cycles,
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Rooted in the real French economy, and therefore less exposed to international shocks,
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Capable of combining consistent performance with a positive societal impact.
As central banks adjust their policies in response to crises, it is essential to be able to rely on solid, tangible and long-term support.
