#Gate13thAnniversaryGlobalCelebration 🔴 FED Chairman Powell:
• Inflation remains at high levels
• The impact of Middle East developments is uncertain
• Rising energy prices could push inflation higher
• Short-term inflation expectations have increased
• The overall outlook for the interest rate path remains unchanged, but expectations for fewer cuts have increased
• The inflationary impact of tariffs may be seen in the middle of the year
• It is too early to assess the extent of the economic impact
📊 The S&P 500 fell approximately 0.9% during Powell's speech
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