🎙️ Powell Talked… and the Market Had a Mini Panic Attack 😵💫
Jerome Powell just reminded everyone who's boss. In his latest speech, he basically said:
“Yes, inflation is cooling… but don’t start partying yet.” 🎉🚫
Translation? No rate cuts for now, and definitely no champagne. 🥂💸
The markets were like: “Wait, what? We thought we were done with this!” – cue the classic crypto rollercoaster 🎢
Powell wants to see more proof that inflation is really going away before the Fed even thinks about loosening policy. So until then, it’s higher for longer, folks. Buckle up.
Crypto traders: Are we still buying the dip, or just dipping into ramen again? 🍜🫠