🇺🇸Fed Chair Powell #says INFLATION Remains elevated🔴
- Powell says this is his last press conference as Chair.
- Rising energy prices are pushing inflation higher
- Near-term inflation expectations have moved up
- Fed sees March PCE at 3.5%
- Current policy stance remains appropriate
- Middle East tensions are adding uncertainty
Market angle:
- Higher oil and energy costs may delay rate cuts
- Odds of a rate hike have increased slightly