Fed Chair Powell (Q&A) says the Committee's centre is moving towards a more neutral bias
- Changing bias would mean sending a signal, majority felt no need to do that right now
- Is waiting to see what happens in the Middle East
- Will move to a hiking bias if the Fed wants to lift rates
- All but one agreed not moving rates was the right move today
Context
Powell’s comments indicate a potential pivot towards a more neutral stance, implying the Fed might refrain from signaling aggressive rate hikes until further evaluation of external factors, particularly geopolitical events. This aligns with a prevailing consensus among policymakers to maintain current rates, suggesting stability in the near term and influencing expectations for the USD and fixed income markets.
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