Fed Chair Powell (Q&A) says getting through the data distortions from the shutdown, distortions in data is no longer material

Fed Chair Powell's comments highlight an improved economic outlook and suggest that the Fed is leaning towards a more optimistic tone in their statements, which could signal potential policy adjustments.

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Fed Chair Powell (Q&A) says Fed does not comment on the USD; will not comment on the USD

Fed Chair Powell (Q&A) says he has not come to a decision on whether he will remain a Governor when his term as Chair expires; will not be getting into it today

Fed Chair Powell (Q&A) says getting through the data distortions from the shutdown, distortions in data is no longer material

CRUDE WRAP: WTI (H6) SETTLES USD 0.82 HIGHER AT USD 63.21/BBL; BRENT (H6) SETTLES USD 0.83 HIGHER AT USD 68.40/BBL

Fed Chair Powell (post-meeting statement) says US economy is on a firm footing

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  • Outlook for economic activity has clearly improved since the last meeting, and the Fed thought it would adjust language in the statement accordingly
  • Says data suggests some labour market stabilisation, some signs of continued cooling
Context

The reference to stabilization in the labor market and cooling trends indicates a nuanced view that may impact interest rate expectations moving forward, particularly for the USD and fixed income markets.

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