#PowellRemarks #PowellRemarks since the Fed chairman indicates a wait-and-see approach. Powell emphasized that although inflation has decreased somewhat, it remains too high, and the path forward remains uncertain. Rate cuts are not imminent, with the Fed focused on data dependence. Investors were looking for clearer signals of relief, but Powell's cautious tone reflects the Fed's ongoing concern about persistent inflation. Stocks retreated slightly, while bond yields rose a bit. The comments reinforce that monetary policy will remain tight until more convincing progress on inflation is seen. The coming months of economic data will be critical in shaping the Fed's next move. Stay tuned.