Jerome Powell offered markets a reprieve. It vanished in a blink.

Federal Reserve Chair Jerome Powell's hint at no imminent rate hikes briefly boosted U.S. stocks and lowered Treasury yields, but the lack of a clear signal for a rate cut later led to a market reversal. Powell emphasized the high threshold for further hikes and the need for more evidence of inflation control before considering policy easing. This cautious stance reflects ongoing concerns about persistent inflation and economic resilience, keeping investors on edge as they await further data.