Jerome Powell delivered a speech today, sending mixed signals to the markets:
🟢The US economy remains strong and experiencing stable growth.
🔴But inflation remains above target.
🔴No interest rate cut imminent; the Fed will monitor the data before taking any action.
Markets are confused:
➕️Economic growth = positive news.
➖️But persistent inflation = negative pressure.
The meaning? The Fed is in a "wait and see" mode.