Powell suggests that a rate cut is unlikely in the near future; economic concerns remain.

According to Jin Ten Data, Powell has repeatedly stated this week that the unemployment rate is the best indicator of economic health. The unemployment rate in June was 4.1%, with little change over the past year, while the inflation rate is further from the Federal Reserve's target. Most decision-makers see no reason to adjust interest rates.

Powell refuses to commit to a rate cut in September, and Thursday's inflation data exceeded expectations, casting a shadow over the prospect of rate cuts. The U.S. Bureau of Labor Statistics will release the July unemployment rate data on Friday; the Federal Reserve is unlikely to cut rates unless the labor market deteriorates, requiring an increase in the unemployment rate.