Just in:
POWELL: ON TARIFFS, ALL FORECASTERS EXPECT A SIGNIFICANT INCREASE IN INFLATION
So Powel is still hawkish, with these words you cannot expect a rate cut anytime soon. Unless hew ants to surprise the market to get the change with unexpected odds on the forecast.
Some more reports on Powel's talk:
*POWELL SAYS FUTURE TRADE DEALS MAY ALLOW FED TO CONSIDER CUT
POWELL: AT SOME POINT WE'LL RESUME RATE CUTS
I think we shouldn't expect rate cuts. Trump is not helping calling him low IQ and stupid, Powel may not cut rates just to piss him off, but I hope he really follows the data.