Fed Chair Powell (Q&A) says no one has a base case that a rate hike is the next move, though Fed never takes anything off the table

Fed Chair Powell (Q&A) says no one has a base case that a rate hike is the next move, though Fed never takes anything off the table.

Powell's remarks suggest a cautious stance from the Fed regarding rate hikes, indicating that while markets shouldn’t expect imminent increases, no options are completely ruled out. This dovish tone may impact expectations for future policy moves, potentially easing upward pressure on yields and the USD in the short term.