Highlights from Jerome Powell's Press Conference (FOMC)

➡️ The U.S. economy remains strong, with GDP potentially exceeding 2% in 2024.

➡️ Inflation is approaching the target level, but is still somewhat elevated.

➡️ There is no rush to lower interest rates.

➡️ The Fed is focused on real progress in inflation and the labor market before taking further steps.

➡️ Forecasts are uncertain due to potential changes in the new administration's policy.

➡️ The U.S. is gradually moving away from dependency on trade with China.

➡️ Artificial intelligence is becoming an important factor for the stock market.

➡️ There is no need to wait for 2% inflation to begin lowering rates.

➡️ Assets in the market are overvalued by many metrics.

➡️ Banks may work with cryptocurrencies with proper risk management.

Overall, the Fed maintains a wait-and-see position, noting that further changes in rates depend on macroeconomic data.