#PowellRemarks

Federal Reserve Chair Jerome Powell recently remarked on the U.S. economic outlook, emphasizing the central bank’s cautious approach to interest rate adjustments. He acknowledged that inflation has eased from its peak but remains above the Fed’s 2% target. Powell stated that while there has been progress, the data does not yet justify a rate cut. He reinforced the Fed’s commitment to a data-driven strategy, indicating that further evidence of sustained inflation control is needed. Powell also highlighted resilience in the labor market and economic growth, though he warned of potential risks. His remarks signal a patient stance, aiming to balance inflation control without hindering the economy. Markets reacted with volatility, reflecting investor uncertainty over the timing of any policy changes.

Thanks for reading 🙏