Key takeaways from Powell Conference

- Powell starts from a strong message on inflation

- inflation needs to be brought down to ensure lasting economic growth

- 50 or 75bp hikes most likely at following meetings

- further inflation surprises are possible

- economy strong, well positioned for tightening

The message is clear - no worries on growth side and clear focus on fighting inflation, at least for now. This increases odds of actually taking control of inflation at some point but also risks dragging economy into recession as (and in contrast to what Powell says) the economy already starts showing some cracks.

Sentiment reversed after the statement, the EURUSD currency pair erased early losses and is rising, US indices are also move sharply higher. Source: xStation5

12 June 2026, 4:52 PM

Oil slides 2.5% to $88 as Middle East tensions ease 📉 Is the uptrend over?

12 June 2026, 12:05 PM

Market Wrap: Inflation rises and de-escalation. Airlines recover losses.

12 June 2026, 10:06 AM

Brent crude oil deepens losses to -3% due to details of potential agreement

12 June 2026, 8:54 AM

Chart of the Day: Is this a "real" breakthrough in the oil market this time? (12.06.2026)

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