23:43:54
Federal Reserve Chairman Powell: Our goal is to achieve a sufficiently restrictive policy stance, and we have not yet decided how much more we need to strengthen.
23:43:12
Fed Chairman Powell: No decision has been made on whether interest rates are "restrictive enough".
23:41:36
Federal Reserve Chairman Powell: This is still a period of extremely high uncertainty in history.
23:40:52
Federal Reserve Chairman Powell: Market pricing also includes risk compensation.
23:40:15
Fed Chairman Powell: This seems to reflect a different forecast that inflation will fall faster.
23:39:49
Federal Reserve Chairman Powell: The market has recently priced in interest rate movements differently.
23:39:09
Federal Reserve Chairman Powell: The assessment will be ongoing.
23:37:51
Fed Chairman Jerome Powell: The survey of market participants is closer to our own forecasts.
23:37:43
Federal Reserve Chairman Powell: We have the ability to focus on the data and the continuing outlook.
23:33:34
Federal Reserve Chairman Powell: The summary of economic forecasts is very useful, although it is not a forecast.
23:32:47
Fed Chairman Powell: There are challenges in communication, especially with regard to the economic outlook.
23:26:28
Fed Chair Powell: Job vacancies are a more important indicator during a pandemic.
23:26:05
Fed Chairman Powell: The Phillips curve may have also steepened.
23:24:26
The U.S. 2-year Treasury yield fell 5 basis points to 4.232%.
23:22:32
The short-term decline of the U.S. dollar index DXY expanded to 30 points and is now at 103.03.
23:21:49
German bunds rallied, with the 10-year yield now at 2.42%, from 2.5% previously.
23:21:48
Spot silver rose nearly 0.3 US dollars in the short term, and is now at 23.95 US dollars per ounce.
23:21:19
COMEX silver futures rose more than 2.00% in the day and is now at $24.11 an ounce.
23:20:44
The KBW regional bank index extended losses to 3%.
23:20:02
U.S. interest rate futures traders sharply reduced bets on a June Fed rate hike and increased bets on a rate cut later this year.