#PowellRemarks

Powell's statements continue to disappoint the market as he emphasized that inflation remains high and the Fed is not ready to cut interest rates. This causes investors to lose confidence in the possibility of easing monetary policy in the short term. The stock market reacted negatively, bond yields increased, and the USD strengthened – putting significant pressure on risky assets. Risk-averse sentiment spread, causing money to remain on the sidelines, waiting for clearer signals from the Fed.