đ˘ Key Takeaways from Fed Chair Powellâs Latest Speech:
đš âThe U.S. economy is holding strong. Inflation is cooling down steadily â we're seeing progress in the direction we want.â
đš On tariffs: âWithout the current tariff pressures, we likely wouldâve already cut interest rates.â
đš Rate cuts ahead? âMany FOMC members are in favor of a rate cut later this year â but it depends on how the data plays out.â
đš Labor market update: âThereâs some cooling, but not at a concerning level yet.â
đš On political pressure: âIâm fully focused on ensuring financial stability with the tools Congress gave us â thatâs my mission.â
đš About the future: âLess than 10 months left in my term â my only goal is a stable and healthy U.S. economy.â
đ Investor Insight: A rate cut might be closer than we think â but keep an eye on upcoming inflation and labor data.
đ Share your thoughts: Do you think the Fed will cut rates before year-end?