Powell basically said three things yesterday, don't get confused by all the official jargon. Let me translate this into the plainest language—



First, the economy isn't broken yet, no rush to rescue it.
It's simple: America can still hold on right now, unemployment hasn't exploded, consumption is still happening, and businesses haven't collapsed.
So you're expecting him to cut rates immediately to "save the market"? Sorry, no need.

Second, inflation is still acting up and we can't contain it.
Inflation expectations are being revised upward this year, oil prices, tariffs, services—everything is causing trouble.
Bottom line: prices haven't obeyed yet, and cutting rates now would be shooting ourselves in the foot.

Third, stop dreaming about rate cuts.
Interest rates stay locked in place, and internal sentiment isn't dovish either—
Some people think no cuts, some think at most one cut, and true optimists are few and far between.
The message is clear: waiting for massive liquidity injection? Hold on a bit longer.

The core message in one sentence:
It's not about continuing to hike rates, but rather—
High rates are here to stay.

Who's suffering the most?
BTC, AI stocks, growth stocks—all of these live on "liquidity," and now they're essentially facing the expectation of supply being cut off.

What markets fear most isn't bad news,
but rather—thinking you're about to get candy, only to have it taken away.

Bottom line translation: Powell isn't trying to scare anyone, he's saying: "Dinner's not ready yet, we can't turn off the heat, you're going to have to stay hungry for now."
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