$GIGGLE
๐จ๐ข Federal Reserve Chairman Jerome Powell has warned that markets shouldnโt expect much from potential rate cuts in December.
He confirmed that inflation remains above the Fedโs target โฌ๏ธ and that the U.S. economy continues to show stronger-than-expected resilience ๐ช.
Powell said future monetary policy moves will be cautious ๐ก and data-driven ๐.
He emphasized that the Fed is closely monitoring the impact of high interest rates on the labor market ๐ฅ and domestic consumption, and stressed that more evidence is needed before cutting rates to avoid reigniting inflation โ ๏ธ.
Following his remarks, major Wall Street indices slipped ๐ amid investor concerns about prolonged tight monetary policy ๐ธ.
Powell reiterated the Fedโs commitment to price stability ๐ก while seeking to balance growth ๐.
Some analysts now expect rate cuts to begin in the first half of 2026 ๐, highlighting the delicate balance the central bank must maintain โ๏ธ.
#FOMCMeeting #MarketUptober #US-EUTradeAgreement #PowellRemarks #PowellSpeech
