He FOMC Chairman Jerome Powellis testifying on the Semiannual Monetary Policy Report before the Committee on Financial Services of the US House of Representatives.
Featured Statements
“We have important data before the March meeting.”
“I haven’t seen the JOLTS data yet.”
“We haven’t made any decision on the March meeting yet, it depends on the data“.
“We will be guided by the incoming data.”
“Is the terminal rate is likely to be higher than we expected“.
“The extraordinarily strong jobs report and the inflation reports pointed in the same direction.”
market reaction
The Dollar came under slight bearish pressure following these comments and the Dollar Index is down 0.15% on the day, trading at 105.45.
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.
