#PowellRemarks #PowellRemarks
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#PowellRemarks | Key Takeaways from Fed Chair Jerome Powell’s Latest Speech:
📌 Interest Rates: Powell reiterated that the Fed remains data-dependent. No rate cuts until there's greater confidence inflation is sustainably moving toward 2%.
📊 Inflation Outlook: Progress has been uneven. While some indicators have improved, inflation remains sticky in services.
📉 Monetary Policy: No urgency to ease, but also no hike bias. The Fed is in a wait-and-see mode.
💼 Labor Market: Cooling gradually but remains strong—supporting continued caution.
🕰️ Timing of Cuts: Markets still pricing in a possible cut later this year, but Powell offered no firm timeline.
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