Powell Acknowledges Progress on Inflation โ But Not Done Yet ๐๏ธ๐
Federal Reserve Chair Jerome Powell just stated that while inflation in the U.S. has come down significantly, it still remains โsomewhat high.โ This signals that the Fed recognizes the improvement but isn't ready to declare victory just yet.
What it means for the market:
The Fed may hold off on cutting interest rates until inflation comes closer to its 2% target.
Investors should stay cautious, as further policy decisions will depend on upcoming inflation data.
Markets could stay volatile, with every Fed comment and CPI reading triggering sharp reactions.
In short: Inflation is cooling, but the Fed still has its foot on the brake. Expect careful moves from policymakers in the coming months.