#PowellRemarks

\#PowellRemarks: In his latest address, Fed Chair Jerome Powell signaled caution on rate cuts, emphasizing persistent inflation risks and the need for stronger economic data. The Federal Reserve held interest rates steady at 4.25–4.5%, with Powell stressing a data-driven approach and no preset path. He highlighted rising inflationary pressures from tariffs and global instability, revising inflation forecasts upward and lowering GDP expectations. Powell also warned against underfunding key data agencies, stating reliable data is vital for policy decisions. Markets responded with volatility, pricing in fewer rate cuts for 2025 as the Fed remains focused on inflation control over easing.