#PowellRemarks
đ„ Powell Remarks: Fed Holds Rates, Warns of Incoming Inflation Shock đ„
The Fed held rates at 4.25%â4.50%, but Chair Jerome Powellâs message was anything but calm. He warned that new tariffs will trigger âmeaningful inflation,â adding, âConsumers will feel it.â
While two rate cuts are still on the table for 2025, 7 of 19 Fed officials now expect no cuts at allâsignaling deepening concern. GDP growth has been cut to 1.4%, and inflation is forecast to hit 3% by yearâs end.
đ Markets wobbled as Powell made it clear: rate cuts wonât come easy. The fight against inflation isnât over.
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