Fed Chair Powell (Q&A), asked about the easing bias, says had vigorous debate on guidance today; a number see hike as likely as cut has moved up
Fed Chair Powell's remarks indicate a noteworthy shift in the FOMC's outlook, with more officials now supporting a potential move away from an easing bias.
Fed Chair Powell (Q&A) says he does not want to guess about future policy, notes we will have a new leadership in June in all likelihood
CRUDE WRAP: WTI (M6) SETTLES USD 6.95 HIGHER AT USD 106.88/BBL; BRENT (N6) SETTLES USD 6.04 HIGHER AT 110.44/BBL
Fed Chair Powell (Q&A), asked about the easing bias, says had vigorous debate on guidance today; a number see hike as likely as cut has moved up
Fed Chair Powell (Q&A) says for a long time, Fed has hypothesised that tariffs would be a one-off
Fed Chair Powell (Q&A) says his concern is about the series of legal attacks on the Fed which threaten ability to conduct monpol
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Number of officials who would support a change to a neutral bias has increased
- Says it is easy to see why
- Majority of the Committee did not want to change the language; did not think we need to do at this meeting
- Will see what happens in the next 30-60 days, it could change things
- Says it was a closer call today than in March
This signals growing concerns about inflation or economic strength that could lead to rate hikes, potentially influencing market expectations for upcoming policy decisions and impacting the USD and fixed income assets. The careful monitoring over the next 30-60 days suggests volatility as the committee reassesses economic conditions.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 7 hours ago
- Primer: US PPI due Thursday 10th September at 13:30BST/08:30EDT1 hour ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT5 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight5 hours ago
- Newsqawk European Market Wrap - 9th September 20267 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent12 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer3 hours ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"5 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl12 hours ago
- Israeli army artillery bombarded the northern parts of the village of Taranja near the outskirts of Quneitra, reports Tasnim1 hour ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business6 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports9 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened12 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal12 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement12 hours ago
- Updated Treasury Buyback Schedule: Maintains guidance from announcement that long dated buyback operations will be at least USD 4bln6 hours ago
- [MARKET UPDATE]: Yields rise, supporting the Dollar, weighing on stocks and spot gold after US Treasury announces it will buy a maximum USD 6bln in 10-20yr liquidity support buyback op. on Thursday6 hours ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal9 hours ago
- Newsquawk Daily Bond Auction Preview - 9th September 202613 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election3 hours ago
The whole workspace, free to try.
Try it free