first rate cut this year will be in june as it was planned already

Some key highlights from the Powell speech 👇

🔸 POWELL: WELL POSITIONED TO WAIT FOR GREATER CLARITY BEFORE CONSIDERING ANY CHANGES TO POLICY STANCE (Rate Cut he means)

🔸 POWELL: SO FAR LARGER-THAN-EXPECTED TARIFFS LIKELY MEAN HIGHER INFLATION, SLOWER GROWTH

🔸 POWELL: ECONOMIC IMPACT OF TARIFFS LIKELY LARGER THAN EXPECTED

🔸 POWELL: EFFECTS OF POLICY WILL LIKELY MOVE THE FED AWAY FROM ITS GOALS

🔸 POWELL: THE TARIFF SHOCK PUSHES TOWARD HIGHER UNEMPLOYMENT, HIGHER INFLATION

🔸 POWELL: MARKETS ARE ORDERLY, FUNCTIONING AS WOULD EXPECT

🔸 POWELL: U.S. FEDERAL DEBT ON AN UNSUSTAINABLE PATH, THOUGH NOT AT AN UNSUSTAINABLE LEVEL

🔸 POWELL: PROBABLY WILL SEE CONTINUED VOLATILITY