JPM's Michele says the Fed is clearly moving towards symmetrical policy; Fed is telling US increasingly concerned about the price level.
Michele's comments suggest a potential shift in the Fed's approach towards a more balanced consideration of inflation and economic growth, indicating they are increasingly attentive to price stability.
US President Trump confirms he spoke with Russian President Putin today; talked about Iran and was a good conversation, and also discussed Ukraine
US President says have a shot at man walking on the moon during his term
JPM's Michele says the Fed is clearly moving towards symmetrical policy; Fed is telling US increasingly concerned about the price level.
SNAP ANALYSIS: FOMC statement leans hawkish
FOMC STATEMENT: Rates unchanged at 3.50-3.75%, as expected; voted 8-4 to hold rates (Miran voted for a 25bps rate reduction; Hammack, Kashkari, Logan dissented on easing bias in statement)
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This could signal a more hawkish stance than previously anticipated, which may impact interest rates and broader market sentiment. Traders should watch for any potential adjustments in the yield curve and implications for the USD in light of this commentary.
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