#PowellRemarks Market Reacts to Fed Chair's Latest Speech

Federal Reserve Chair Jerome Powell delivered critical remarks today, offering insights into the central bank's monetary policy outlook. Powell emphasized the Fed's commitment to bringing inflation back to its 2% target, reaffirming a data-dependent approach amid ongoing economic uncertainty.

Key Points:

Inflation remains “above target,” and further rate cuts are not guaranteed in the near term.

Powell noted signs of softening in the labor market but maintained that it’s “not yet a cause for concern.”

The Fed will continue to assess incoming data before making any major policy shifts.

Market Reaction:

Stocks were initially volatile, with the S&P 500 dipping before