๐บ๐ธ Summary of Powell's Speech Today 1/July
1. ๐ Delay in Interest Rate Cut Due to Tariffs
Powell indicated that the tariffs imposed by Trump raised inflation expectations, prompting the Fed to delay any near-term interest rate cuts.
2. โณ "Wait and See" Policy
He confirmed that interest rate decisions will be made only based on incoming data such as inflation and the labor market.
3. ๐ Possible Cut in July?
He did not close the door on an interest rate cut at the late July meeting, but he linked it to the release of new data this month.
4. ๐ก๏ธ Independence of the Fed
He emphasized that the central bank makes its decisions away from political pressures, focusing on price stability and supporting employment.
5. ๐ Cautious Optimism
He noted that inflation is gradually declining (around 2.3%โ2.4%) and the labor market remains strong, supporting a forthcoming "measured" cut.
---
๐ Conclusion: Powell sent a clear message to the markets โ no rush, but the door is open ๐. Tariffs are a temporary obstacle, and upcoming data will determine the decision ๐ฏ.
Follow me ๐ for all the latest updates on Powell's statements and the financial markets! ๐ผ๐
