[Federal Reserve megaphone: Sharp inflation fluctuations put the Fed in an awkward wait-and-see situation] Jinshi Data reported on July 9 that the Fed's megaphone Nick Timiraos said in an article that in the second half of last year, despite strong spending and hiring, the slowdown in price growth was so rapid that officials were surprised, prompting them to shift their focus from how high to raise interest rates to how long it would take to cut interest rates. Powell last appeared before members of Congress in early March, where he hinted that the Fed might cut interest rates by June. After that, inflation reversed, derailing any such plans. Powell said today that recent inflation data "shows some modest further progress, and more good data will increase our confidence that inflation is continuing to move toward 2%." The sharp fluctuations in inflation have put the Fed in an awkward wait-and-see situation, with policymakers either waiting for a few months of convincing mild inflation data or waiting for evidence of a clear slowdown in employment and economic activity before cutting interest rates.

Smoke bombs are the same as not saying anything every time

!