Summary of FOMC: Recent Remarks by Jerome Powell
๐ข Important Points from the Fed Chair:
๐น Interest rates are still higher than the target.
๐ธ The economy is beginning to show signs of slowing down.
๐น No decision has yet been made regarding the interest rate for the upcoming September meeting.
๐ธ The Fed remains flexible and ready to adjust based on new data.
๐น Tariffs on imported goods have had some impact on interest rates, but the overall effect is still uncertain.
๐ The market is waiting for clearer signals ahead of the next meeting.