FED Powell - breathless nonsense - walking a line that the markets will interpret to suit their agenda. Likely 1 / no rate cuts as has been known for a while.
Middle East tensions easing so the spike in oil is easing and the 2% target delayed. It will happen but in 2025 instead.
The to and fro is just extended. Rise to 92p (NA sale news) fall to 53p - ebb flo.