Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'

1. Federal Reserve delays interest rate cuts until at least September 2025. 2. January's CPI shows inflation rising to 3%, complicating monetary policy. 3. Core inflation is 3.3%, exceeding Federal Reserve's target, preventing aggressive easing. 4. Traders see minimal chances for rate cuts in 2025 due to inflation concerns. 5. Trade policies could exacerbate inflation, further hindering potential rate cuts.