#PowellRemarks

Federal Reserve Chair **Jerome Powell** recently emphasized a cautious approach to interest rates, signaling that the Fed needs more evidence of sustained inflation cooling before cutting rates. Despite progress, he noted that **sticky core inflation** and a strong labor market justify keeping policy restrictive for now. Powell reiterated that future decisions will be **data-dependent**, ruling out hikes but avoiding premature easing. Markets now expect **1-2 cuts in 2024**, likely starting in Q4. His comments reinforced the Fed’s balancing act—supporting growth while ensuring inflation returns to the **2% target**. Crypto and stocks reacted with muted volatility.

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