#PowellRemarks

#PowellRemarks

Fed Chair Jerome Powell struck a cautious tone in his latest remarks, signaling that interest rate cuts are still a way off. He emphasized the need for "greater confidence" that inflation is moving sustainably toward the 2% target before easing policy.

Markets were hoping for a clearer pivot, but Powell made it clear: the Fed isn’t rushing. While inflation has cooled compared to last year, lingering price pressures keep the Fed on alert.

For crypto and stocks, this means short-term volatility. Risk assets may stay choppy as traders weigh Fed patience against economic data. Powell's message? Stay data-dependent, not date-dependent.