🚨 Powell Just Spoke — No Rate Cuts, No Resignation 🧊🧠
Fed Chair Jerome Powell just wrapped up his speech at the University of Chicago, and markets were listening closely… but here's the TL;DR:
🔹 No mention of rate cuts – The Fed's still in wait-and-see mode. Powell said there's "no hurry" to pivot, and they want “greater clarity” on how policy shifts play out.
🔹 Inflation? Still tracking toward 2%, but Powell isn’t ready to declare victory.
🔹 No resignation rumors confirmed – Powell committed to serving out his full term through 2026. No exit strategy here.
🔹 Risk-on or risk-off? Market reaction’s mixed. No fireworks, but also no curveballs.
📉 Traders hoping for a dovish tilt will have to wait. For now, it's all about data dependency — and patience.
