#PowellRemarks Chair Jerome Powell delivered key remarks today, influencing markets:
š Inflation Progressing Slowly
Still above 2% target, though easing gradually
Fed remains cautious about declaring victory
š°ļø Rate Cuts Not Imminent
"More data needed" before any interest rate cuts
Markets expecting possible cut by September
š§ Balanced Approach
Emphasized data-dependent policy
Watching labor market & inflation expectations
š Market Reaction