What does Powell say – is the market sighing or holding its breath?
In his latest speech, Fed Chair Jerome Powell continues to emphasize a 'data-dependent' stance and is not in a hurry to cut interest rates, causing significant market fluctuations. Although inflation is gradually decreasing, Powell remains cautious, concerned that the risk of a hot recovery could lead the Fed to 'cut early, regret early'.
Powell's message of 'cautious but not panicking' has kept gold and crypto steady while making stocks wary. Investors now not only watch the CPI – but also need to carefully read each remark from Powell.