🏛️🇺🇸 FED CHAIR POWELL TESTIFIES: No Rate Cuts Yet, Inflat
CryptoPotato
Updated at: 6 hours ago
{"content":"🏛️🇺🇸 FED CHAIR POWELL TESTIFIES: No Rate Cuts Yet, Inflation Still a Concern | 06/24/25 Recap 📉📊
Jerome Powell, the U.S. Federal Reserve Chair, delivered a highly anticipated testimony today — and markets were listening closely. Here’s a sharp breakdown of his key remarks: 👇
📝 Top 5 Key Points:
1️⃣ “We’re well positioned to wait and see” – Powell signals no rush for rate cuts, as the Fed prefers to monitor data longer. 🕰️
2️⃣ Tariffs = Inflation Pressure – New or rising tariffs are likely to push up prices and potentially slow economic growth. 💸📉
3️⃣ No Clear Signal – Powell offered no immediate sign of rate cuts coming soon, keeping markets in a cautious wait mode. ⚠️
4️⃣ Solid Labor Market – U.S. jobs data remains strong, giving the Fed more room to hold rates steady. 💼📈
5️⃣ Inflation Still “Somewhat Elevated” – Despite easing slightly, inflation hasn’t cooled enough for the Fed to shift direction just yet. 🔥🧊
🔍 What It Means:
🪙 Crypto & Stocks: May see short-term uncertainty due to no dovish pivot.
📊 Rate Cut Hopes Delayed: Markets may now shift focus to July or September meetings for potential policy easing.
🌐 Macro Pressure: Global markets must now weigh tariff-driven inflation and Fed’s patient stance.
This was a watch-and-wait message from the Fed — keeping options open while stressing data dependency.
Markets may remain in tight range conditions until more clarity emerges.
📉📈 Not financial advice – always DYOR and follow official statements.
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