#PowellRemarks Federal Reserve Chair Jerome Powell recently delivered remarks that offered key insights into the central bank's monetary policy outlook. He emphasized a continued data-dependent approach, signaling that while inflation has cooled from its peak, it remains above the Fed’s 2% target. Powell acknowledged the strength of the labor market and broader economy but noted that recent inflation readings have shown less progress than expected.

The takeaway: Powell’s comments suggest the Fed is in no rush to cut interest rates. Markets, which had priced in rate cuts earlier in the year, may need to adjust expectations, particularly if inflation persists. His remarks reinforced the Fed's cautious stance and commitment to achieving price stability before easing policy.