#PowellRemarks : A Patient Fed Stays the Course

In his latest remarks, Fed Chair Powell emphasized a message of patience and data-dependence. The central bank is not rushing to cut interest rates, needing greater confidence that inflation is sustainably moving toward its 2% goal.

While acknowledging the progress made on cooling inflation, Powell highlighted that the labor market remains strong and economic growth is solid. This allows the Fed to be thorough, ensuring the battle against rising prices is truly won before easing policy.

The key takeaway? The Fed is in a "wait-and-see" mode. Rate cuts are still anticipated later this year, but the timeline remains entirely dependent on incoming economic data. Markets should prepare for a methodical, not a swift, pivot.