🇺🇸 Powell's Key Messages
Tariffs and Inflation: Powell warned that the new tariffs could delay progress on reducing inflation and postpone interest rate cuts by up to a year .
Economic Risks: He emphasized that the tariffs increase risks of higher inflation and unemployment compared to prior forecasts .
Fed's Stance: #TradeStories The Federal Reserve maintained the federal funds rate at 4.25% to 4.5%, adopting a cautious "wait and see" approach amid economic uncertainties .
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💡 What This Means for You
Consumer Prices: The tariffs could lead to higher prices for imported goods, affecting everyday expenses.
Interest Rates: With the Fed holding rates steady, borrowing costs for mortgages, auto loans, and credit cards may remain elevated.
Economic Outlook: The combination of higher inflation and potential unemployment increases the risk of stagflation, a scenario the Fed aims to avoid .
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📈 Market Snapshot
Watch Powell's Press Conference#TradeStories #BitcoinReserveDeadline