#PowellRemarks 📢 : Jerome Powell stated that the Fed will act cautiously, watching inflation and labor market data.
💬 Markets interpreted the speech as a signal for no immediate rate cuts, but with a hint at possible easing by the end of the year.
📉 The dollar strengthened, gold and crypto pulled back slightly.
🔍 Key phrase: "There is not yet enough confidence that inflation is moving sustainably towards 2%."
📊 Markets are waiting for: CPI, Non-Farm Payrolls, and the FOMC meeting in July.