Powell: Inflation Progress, but Fed Holds Steady

Powell: Inflation has moved closer to our target, but is still a bit high

Federal Reserve Chair Jerome Powell stated that inflation has moved closer to the target but remains slightly above it. He also noted that the labor market is not a source of inflationary pressure. The Fed will continue to monitor economic developments and adjust policy as needed.

Powell: Further progress on inflation expected

Powell expects to see further progress on inflation, but the Fed will remain cautious and data-dependent in its policy decisions. The central bank will continue to assess the economic outlook and adjust policy accordingly.

Powell: Rate cut should only be considered in case of inflation resistance or weak employment

Powell stated that the Fed would only consider a rate cut if there is substantial progress on inflation or a deterioration in the labor market. The central bank remains committed to bringing inflation back to its target and maintaining a strong labor market.

Powell: Discussion on policy framework has begun at this meeting

Powell announced that the Fed has started discussing its policy framework at this meeting, with the review set to conclude at the end of the summer. The central bank will continue to assess the economic outlook and adjust policy as needed.

Powell: Fed to Stand Pat Until Seeing More Progress

Powell stated that the Fed will not take action until seeing more progress than is currently evident. The central bank will continue to monitor economic developments and adjust policy as needed.

Powell: Hawkish Stance Stalls Anticipated Rate Cuts, Ignites Fresh Inflation Worries

The Federal Reserve's hawkish stance has halted anticipated rate cuts and sparked renewed inflation concerns. The central bank remains committed to bringing inflation back to its target and maintaining a strong labor market.

Fed Holds Steady on Interest Rates: Impact on Cryptocurrency Market

The Federal Reserve held its benchmark fed funds rate range steady at 4.25%-4.50%, in line with market expectations. The central bank noted that inflation remains "somewhat elevated."

Fed Holds Rates Steady, Takes Note of Elevated Inflation

The Federal Reserve kept its benchmark fed funds rate range steady at 4.25%-4.50%, in line with market expectations. The central