📢 Summary of Jerome Powell's press conference (FOMC – July 2025):

Powell warns that inflation remains high, and tariffs could further intensify it.

• Inflation continues above the 2% target.

• Recent data shows a slowdown in economic growth.

• Tariffs are already impacting some consumer prices.

• The inflationary effect of tariffs is expected to increase in the coming months.

• No decision has been made yet regarding the September meeting.

• The unemployment rate is the key indicator to watch.

• The Fed will receive two crucial reports (employment + inflation) before the next meeting.

• Traders no longer expect with certainty a rate cut in October.

• "We are only at the beginning of tariff-induced inflation," said Powell.