#PowellRemarks

Federal Reserve Chairman Jerome Powell's recent remarks have sparked intense market reactions. Speaking at the Economic Club of New York, Powell signaled a cautious approach to interest rate cuts, emphasizing persistent inflation pressures and a robust labor market. He noted that while inflation has eased, it remains above the Fed’s 2% target, suggesting rates may stay elevated longer than anticipated. Powell stressed data-driven decisions, leaving markets uncertain about a December cut. Stocks dipped, with the S&P 500 down 0.3%, while Treasury yields rose. Investors now await key inflation data, as Powell’s hawkish tone underscores the Fed’s commitment to price stability over premature easing.