$BTC Powell spoke at the Fed conference and reminded that inflation is indeed slowing down, but still 'a little bit' above the norm.

Trump's tariffs, by the way, contributed - expectations have become harsher than forecasts.

About the rate: 'pause, we are watching', and a decrease may not happen until 2025.

However, the labor market is holding up for now, and the Fed is trying not to overdo it.