#PowellRemarks

#PowellRemarks: Fed Chair Signals Cautious Approach on Rate Cuts

Federal Reserve Chair Jerome Powell's latest remarks reinforced a patient stance on interest rates, emphasizing the need for "greater confidence" that inflation is moving sustainably toward 2% before cutting. Markets reacted with slight volatility as hopes for near-term easing dimmed.

Powell acknowledged progress on inflation but highlighted risks from a still-strong labor market and resilient economic growth. The Fed remains data-dependent, leaving the door open for adjustments later in 2024.

Investors now shift focus to upcoming CPI reports, which could dictate the timing of the first rate cut.

#Federal Reserve #Economy #Markets #Inflation