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BREAKING: Powell Speech Ends
Federal Reserve Chair Jerome Powell concluded his highly anticipated speech, emphasizing the Fed’s ongoing commitment to managing inflation while supporting economic growth.
Powell acknowledged recent progress in cooling inflation but stressed that more work may be needed to reach the 2% target. He maintained a data-dependent approach, indicating future rate decisions will hinge on incoming economic indicators. While markets were hoping for clear signals on rate cuts, Powell remained cautious, neither confirming nor ruling out further tightening.
Investors reacted with measured optimism, closely watching for updates in upcoming FOMC meetings. The speech underscores continued economic uncertainty.