#PowellRemarks
๐จ Powellโs Remarks Shake the Market ๐๐
Fed Chair Jerome Powell spoke ๐, and the markets listened closely ๐. He emphasized that inflation remains stubborn ๐ and the Fed is not ready to cut rates just yet ๐๐ฐ. Powell highlighted the need for more evidence ๐ that inflation is heading sustainably toward the 2% target ๐ฏ.
While job growth remains strong ๐ผ and the economy is resilient ๐ช, Powell warned against premature easing โ ๏ธ. He reassured that the Fed is โprepared to maintain current ratesโ โธ๏ธ for as long as needed ๐.
Investors are now recalibrating their expectations ๐๐, with hopes for a rate cut later this year still alive but dimmed ๐ฆ. Powell's cautious tone reflects the Fed's commitment to price stability โ๏ธ above all.
๐ง Markets remain volatile as traders digest the Fedโs signals ๐. Stay alert! ๐ฒ๐๐