In his speech at the Stanford Graduate School of Business, President Jerome Powell once again reiterated that the policy rate is likely to have peaked in the current cycle.
Additional Featured Statements
“If the economy develops as the central bank expects, most participants in the federal open market committee see it likely as appropriate to begin cutting the policy rate at some point this year.”
“It's too early to say whether the recent inflation readings are anything more than a blip.”
“The Fed has time to let incoming data guide its policy decisions; the central bank is making decisions meeting by meeting.”
“Recent readings on employment growth and inflation are higher than expected, but do not materially change the overall picture.”
“The outlook remains quite uncertain, the Fed faces risks on both sides of its mandate.”
“The Fed continues to believe that the policy rate is likely to be at its maximum level for this cycle.”
Market reaction
The Dollar maintains its negative behavior so far on Wednesday, which has led the US Dollar Index (DXY) to mark new lows near 104.30, amid rising yields and a dominant risk sentiment among investors. investors.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
