#PowellRemarks
In short, Powell said that the U.S. economy is strong but inflation is still above the target (2%), so interest rates will remain as they are now (4.25%-4.5%). The Fed is being cautious and waiting for new data before making any changes, with expectations of a rate cut later this year if things stabilize 📉.
Want to know how these statements could affect crypto or stocks? Follow me.
