Fed Chair Powell (Q&A) says if the Fed was ever going to skip an SEP, this would have been a good one

Fed Chair Powell's comment suggesting that skipping a meeting would have been appropriate indicates a more dovish stance than markets may have anticipated. This may signal potential flexibility in monetary policy, which could affect expectations for future rate hikes, influencing asset classes including the USD and fixed income. Traders should watch for volatility in the forex markets as anticipation builds around the Fed's next steps.