#PowellRemarks The Chairman of the Federal Reserve (Fed) of the United States, Jerome Powell, made a new statement that is being closely analyzed by investors and economists around the world. His words concern further monetary policy, inflation prospects, and possible changes in interest rates.
Key points from Powell's statement:
1. Inflation remains above the target level: Powell noted that inflationary pressure is decreasing but has not yet reached a sustainable level near 2%, which remains the primary goal of the Fed.
2. Caution in rate cuts: He emphasized that the Fed will act "cautiously," and a reduction in the key rate is possible only with convincing signs of a sustained decline in inflation.
3. The economy shows resilience: Despite the tightened policy, the American economy continues to grow, and the labor market remains strong, although signs of slowing are observed in some sectors.
4. The markets reacted cautiously: Stock indices demonstrated slight fluctuations. Bond yields decreased slightly, while the US dollar remained relatively stable.
What does this mean?
Powell's statement indicates that the Fed is in no hurry to pivot its policy and prefers to take precautions to avoid a renewed surge in inflation. For the markets, this is a signal of ongoing uncertainty and dependence on macroeconomic statistics.$XRP
