#PowellRemarks The Federal Reserve just kept interest rates at 4.25%–4.50%

That’s the 4th pause in a row, and it was expected.

Only 4 of 19 Fed officials expect any rate cuts in June 2025.

That’s a message: No pivot yet.

2/ So why no cuts yet?

Simple: Inflation is above the Fed's current target#PowellRemarks