#PowellRemarks

The Fed kept rates unchanged for the fourth straight meeting, signaling caution despite easing inflation. Chair Powell emphasized the need for more consistent data before considering cuts. The 2025 outlook hints at two potential rate reductions, but no clear timeline was offered. Meanwhile, Trump’s fiery comment calling Powell “stupid” and demanding a 2% cut has reignited political pressure. Markets remain uncertain, with traders split on whether cuts will come in late 2024 or be pushed to 2025. Many are adopting a defensive strategy, balancing between equities and cash. Are you preparing for cuts—or bracing for an extended high-rate environment?