Fed Chair Powell (Q&A) says policy rate is high-end of neutral, or mildly or modestly restrictive; says borderline on restrictive and not
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Fed Chair Powell (Q&A) says it is frustrating that non-housing services inflation has not come down
Fed Chair Powell (Q&A) says Fed is waiting for tariff pass-through process to go through so goods returns to previous levels
Fed Chair Powell (Q&A) says policy rate is high-end of neutral, or mildly or modestly restrictive; says borderline on restrictive and not
Fed Chair Powell (Q&A) notes inflation has been above target for five years, says you worry such a shock could cause trouble for inflation expectations
Unilever (ULVR LN) and Kraft Heinz (KHC) held talks over food merger uniting ketchup and mayo, FT reports; discussions in recent months have now ended and were over a merger of Unilever’s food business and Kraft Heinz’s condiments division
On the Newsquawk feed at , 20 minutes before this page.
Context
Fed Chair Powell's comments suggest the policy rate is nearing the upper limit of what is considered neutral, indicating a mildly restrictive stance. This implies that while the Fed is not poised to shift dramatically in either direction, markets may interpret this as a signal to remain cautious regarding future rate hikes, particularly affecting the USD and fixed income sectors.
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