Fed’s Powell Stresses ‘No Decision Made’ On Pace Of Rate Hikes

No, he is repeating what we already know. This is not a FOMC statement or presser. The market won't make a significant move over this until Friday.

I don't blame the markets.

If Fed really* wanted to get inflation down to 2% as quickly as possible, Powell shouldn't have lowered the size of rate hikes to 25bps. With unemployment rate actually dropping (rather then rising which should be expected in the time of rate hikes), Powell had no excuse to lower the size of rate hikes.

This is definitely not hawkish. Hawkish would be; we will continue raising rates by 50bps on each meeting until sure inflation is getting close to 2% target. I agree lowering to 50bps, but not 25bps while inflation is still this high and you still have (on paper) more than decent data's concerning the economy.

So no, Fed isn't serious about taming the inflation and if Fed continues to be slow, we will end up in a recession with high unemployment (either case), however inflation will spike again, which in the case they did 50bps on each meeting, yeah we would still get a recession, but at least inflation would have been done with, in my opinion.

NFP and CPI are left before the rate hike takes place. We'll see.. however, if we don't get surprised again with NFP, I don't think Fed will go for 50bps, despite inflation number being slightly higher (if it comes out higher then expected).

Has he ever been 'hawkish'?

The market seems to bounce up when he's done talking... it's like they have been trained to believe that that the absence of intelligent content from the FED is good news.

*sigh*

There is absolutely no reason to think this FED has any credibility.

The reason there is inflation is the white house's policy on energy torpedoed the economy as Biden took office. The man doesn't have two brain cells to rub together.

The FED is powerless to contain inflation if the white house doesn't correct it's policy. To say nothing about it's spending problem... this is what should govern any long term investment plan. as for the day trader... just ride the irrational exuberance.

Exactly what he/she said/wrote! This is nothing but political theatre.

Wasnt it Trump who stood up wanting negative rates?

whatever this JOLT meanu know?

How is "terminal rate likely to be higher than we expected" dovish?

If any, it's hawkish but the market has already priced it in.

Jolt Data is HOT as well.

same info as yesterday. expecting No major hawkish moves today

I think the NFP report that is what will specified the interest rate if would be .25% or .5%

Dovish

Nope..it is more dovish than hawkish. This guy is a clown and he has no balls.

All was drama

No result, after the meeting of days, what he have to speak after the disturbing of markets, economy and nations

I doubt big part of the public data provided, the inflation numbers are far away from the reality, the same or similar is regarding the jobless claims or NFP, imo.