#PowellRemarks Federal Reserve Chair Jerome Powell's recent remarks highlighted cautious optimism about inflation trends while emphasizing the need for more evidence before cutting interest rates. Powell acknowledged that inflation has eased but remains above the Fed’s 2% target. He stressed the importance of staying data-dependent, suggesting that premature easing could risk a resurgence of inflation. Powell also noted that the labor market remains strong, providing the Fed room to hold rates steady for now. While markets hoped for rate cuts in early 2025, Powell’s comments suggest the Fed will proceed carefully, prioritizing economic stability and long-term inflation control. #PowellRemarks #FederalReserve

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