⚠️Breaking News! Powell Makes Key Remarks!

Powell issued a warning: "We may be entering a phase of more frequent supply shocks that could last longer, which undoubtedly poses serious challenges for both the economy and the central bank." In addition, he revealed that the Federal Reserve is working to adjust its overall policy-making framework to address the significant changes in inflation and interest rate outlook following the pandemic in 2020, with plans to complete a review of the specific revisions to this framework in the coming months.

As the U.S. Consumer Price Index (CPI) data for April continues to show a downward trend, the market is focused on whether the Federal Reserve will restart interest rate cuts. Currently, Wall Street analysts mostly believe that the price increase trend driven by tariff policies may become more pronounced in the coming months, making the Federal Reserve hesitant in its interest rate cut decisions.

The latest data shows that the April CPI rose 2.3% year-on-year, the lowest since February 2021; the month-on-month increase was 0.2%, also below market expectations. In this situation, several Federal Reserve officials have consecutively voiced that the current policy-making faces high uncertainty, and monetary policy may need to remain unchanged for some time.

#FinancialNews #FederalReservePolicy #USCPIData

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