SUMMARY OF FED’S SPEECH:
1)POWELL: INFLATION HAS RISEN RECENTLY, REMAINS SOMEWHAT ELEVATED
2)POWELL: PAYROLL JOB GAINS HAVE SLOWED SIGNIFICANTLY, REFLECTING LOWER IMMIGRATION, LOWER PARTICIPATION
3)POWELL: JOB GAINS RUNNING BELOW BREAKEVEN RATE
4)POWELL: BEYOND NEXT YEAR MOST INFLATION-EXPECTATION MEASURES CONSISTENT WITH 2% GOAL
5)POWELL: OVERALL EFFECT OF TARIFFS ON INFLATION REMAIN TO BE SEEN
6)POWELL: BASE CASE IS TARIFF IMPACT ON INFLATION SHORT-LIVED
7)POWELL: INCREASE IN GOODS PRICES ACCOUNTS FOR MOST OF INFLATION INCREASE THIS YEAR
8)POWELL: EXPECT TARIFF-DRIVEN PRICE INCREASES TO CONTINUE THIS YEAR AND NEXT
9)POWELL: CAN NO LONGER SAY LABOR MARKET IS SOLID
10)POWELL: NO WIDESPREAD SUPPORT FOR 50 BPS CUT TODAY
11)POWELL: WE ARE IN A MEETING BY MEETING SITUATION
12)POWELL: WE ARE GOING TO BE LOOKING AT THE DATA
13) POWELL: DON'T KNOW THAT QUARTER POINT CUT WILL MAKE A HUGE DIFFERENCE
#FedRateCutExpectations #AltcoinSeasonComing?