We did some ‘language cleanup’ in the opening statement, removal of reference on ‘progress towards inflation goal’ was not meant to send a signal – Fed Powell
The comment is sending the USD back down.
Stock indices are chipping away at the declines.
- Dow -0.21%
- S&P -0.44%
- Nasdaq -0.58%
US yields are still higher but off the highs for the day.