SUMMARY OF FED CHAIR POWELL'S STATEMENT
1. The current policy "puts us in a good position."
2. The slowdown in growth reflects a decrease in consumer spending.
3. Activity in the real estate sector in the U.S. remains weak.
4. Inflation in the U.S. is still "relatively high."
5. Tariff levels are "raising prices" on some goods.
6. "Changes in government policy continue to evolve."
7. Continues to clarify that the FED is not in a hurry to cut interest rates but will "wait and see" as tariffs remain in effect.
8. Commenting on the possibility of a 0.25% rate cut in September, Mr. Powell stated:
"We have not made any decisions regarding September." 🦅
9. The impact of tariffs on inflation will be slower than expected. What is being seen now is just the beginning of tariff-induced inflation. 🦅🦅
Traders have reduced bets that the FED will cut rates more than once this year. BTC price dropped below $116K!