Certainly! Here’s a concise 100-word summary of #PowellRemarks:

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#PowellRemarks: Federal Reserve Chair Jerome Powell emphasized cautious optimism on inflation, noting progress but stressing the need for more data before cutting rates. He reiterated the Fed’s commitment to its 2% target, acknowledging persistent price pressures in services. Powell highlighted strong labor market resilience but warned against premature easing, keeping options open based on economic trends. Markets reacted modestly as his balanced tone neither confirmed nor ruled out 2024 rate cuts. Investors now await upcoming CPI reports for clearer signals. #Fed

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