Dow/Gold

tweet at 12:42pm: FED'S POWELL: MESSAGE FROM LAST WEEK'S FOMC IS THAT DISINFLATION HAS BEGUN BUT HAS A LONG WAY TO GO tweet at 12:42pm: POWELL: PROCESS WILL TAKE QUITE A BIT OF TIME tweet at 12:44pm: Fed's Powell: - Jobs Report Certainly Stronger Than Anyone Expected - Friday Jobs Report Stronger Than Expected but Shows Why This Will Be a Long Process - Need Policy at Restrictive Level for Period of Time - Probably Need to Do Further Interest-Rate Increases tweet at 12:48pm: Fed's Powell: - If Data Were to Continue to Come in Stronger Than Expect, Would Certainly Raise Rates More - 2% Inflation is a Global Standard and Not Something the Fed is Looking to Change - Expect 2023 to Be a Year of Significant Declines in Inflation tweet at 12:48pm: FED'S POWELL: I EXPECT 2023 TO BE A YEAR OF SIGNIFICANT DECLINES IN INFLATION.

tweet at 1:14pm: POWELL: IF CONTINUE TO GET STRONG LABOR MARKET REPORTS, OR HIGHER INFLATION REPORTS, MAY NEED TO HIKE RATES MORE THAN IS PRICED IN tweet at 1:17pm: FED'S POWELL Q&A/ECW: REPEATS, HAVE A SIGNIFICANT PERIOD OF TIME BEFORE INFLATION DECLINES TO TARGET VS MKT VIEW THAT IT'S GOING TO HAPPEN FAST #Powell #federalreserve tweet at 1:18pm: Fed's Powell: - Will Need to Do More Rate Increases, Then Look Around and See if It's Enough - Price Stability is "Enormously Beneficial" to the Public, Allows Sustainably Strong Labor Mkt - Recently Immigration Has Turned Up Again, May Mean Somewhat Less Pressure in Labor Mkts tweet at 1:19pm: POWELL: EXCHANGE RATE POLICY RESTS WITH TREASURY, NOT THE FED - https://t.co/wXVagA44VK