Fed Chair Powell (Q&A) says vast majority of participants do not see a hike as the next base case

Chair Powell's comments indicate that the majority of Federal Reserve participants do not currently anticipate a rate hike as the next likely move, suggesting a dovish tilt relative to market expectations. The mention of two-sided risks implies that while the possibility of a hike remains on the table, the prevailing sentiment leans towards maintaining the status quo in monetary policy, which could ease upward pressure on yields and support risk assets.