#PowellRemarks –Jerome Powell, Chairman of the Federal Reserve (Fed), often makes important statements that impact global financial markets.

In his latest intervention, he highlighted:

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🔑 Key Points:

Inflation still high: Powell acknowledged progress but warned that inflation remains above the 2% target.

Cautious monetary policy: The Fed will keep interest rates high for longer, until there are more signs of a sustainable decline in inflation.

No immediate cuts: Interest rate cuts are not yet certain and depend on future data.

Resilient labor market, but with signs of moderation.

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📉 Market Impact:

Markets reacted with volatility, especially in stocks and cryptocurrencies.

The dollar appreciated against other currencies.

Expectations for interest rate cuts were postponed to the end of the year or early 2026.