🧨 Jerome Powell Holds Interest Rates, What's Happening?
📉 The market hopes for interest rate cuts, but The Fed Chair Jerome Powell remains steadfast.
The reason? Inflation data is not yet convincing, and the impact of import tariffs from the trade war with the US is starting to be felt in June–July.
💬 "We are not in a hurry. We will wait for more complete data," Powell said in the latest press conference.
📊 Despite political pressure—even Trump urging a 2.5% cut and ready to replace Powell—The Fed remains firm.
📌 Their focus: stable inflation & strong labor market.