[List of the top five highlights of Federal Reserve Chairperson Powell's speech today] 1. Interest rate guidance: Powell refused to give any indication on the timing of interest rate changes...
< b > [List of Top 5 Highlights of Federal Reserve Chairperson Powell's Speech Today] < br > < span class = "section-news" > 1. < b > Interest Rate Guidance : Powell refused to give any guidance on the timing of interest rate changes, saying policymakers would meet one by one. "Fed Messenger" Nick Timiraos wrote that Powell's words did not change expectations for "standing still" in August. Separately, Powell warned that the US budget is on an unsustainable path and requires bipartisan action to address the deficit. < br > < span class = "section-news" > 2. Economic data: Powell said that economic data for the second quarter, including last week's consumer price report, did increase confidence to some extent that the labor market is currently in a "better state of equilibrium" and that unexpected weakness in the labor market would also be a reason to adjust interest rates. < br > < span class = "section-news" > 3. Term issues: Powell said he plans to complete his entire term, which is scheduled to end in May 2026. < br > < span class = "section-news" > 4. Assassination: Powell condemned the recent violence against Trump and said he was glad Trump's injuries were not serious. < br > < span class = "section-news" > 5. Market reaction: The market reaction was muted as Powell essentially repeated the theme of a week ago. The stock market continued its rally, with the yield on the 10-year U.S. Treasury bond rising 4 basis points to 4.23%. Spot gold rose and fell back. As of press time, it was reported at $2423.30/ounce.