Fed Chair Jerome Powell signaled that interest rate cuts may be on the horizon, but not just yet. He emphasized that inflation is still too high and the Fed needs more confidence that it's moving sustainably toward the 2% target. ๐๐ฌ
Markets reacted with cautious optimism, with investors hoping for a possible pivot later this year. Powellโs remarks suggest patience is key โ the Fed wonโt rush into cuts until data supports it. ๐ฐ๏ธ๐
Stay tuned โ this dance between inflation, interest rates, and economic signals isnโt over yet. ๐โ๏ธ