Powell’s Speech to Influence Rate Cut Outlook

Expert analysis by Forexlive suggests that U.S. Federal Reserve Chair Jerome Powell’s upcoming speech on Friday may hold greater weight than the non-farm payroll data, which has already been anticipated for a rate cut in June. Despite market expectations of such a move, recent remarks from Fed officials have taken a hawkish stance on trade tariffs. If Powell’s rhetoric takes on a hawkish tone, it could significantly alter expectations regarding a potential rate cut.