02:45:47
Federal Reserve Chairman Powell: Upcoming inflation data will be at the heart of decision-making.
02:45:35
The US dollar index DXY fell 13 points in the short term to 105.79, and spot gold rose 7 US dollars in the short term to 2,325 US dollars per ounce.
02:45:20
Federal Reserve Chairman Powell: Data will answer the question of whether interest rates have reached their peak.
02:44:31
Spot silver rose more than 2.00% during the day and is now trading at $26.80 per ounce.
02:44:02
Federal Reserve Chairman Powell: But there are other paths that could point to rate cuts.
02:43:34
Federal Reserve Chairman Powell: We believe that over time, policy will be restrictive enough to bring inflation back to 2%.
02:43:32
Federal Reserve Chairman Powell: We believe that policy is well adapted to the different paths the economy could take.
02:43:26
The Dow Jones and Nasdaq expanded their intraday gains to 1%, and the S&P 500 rose 0.73%. Federal Reserve Chairman Powell said that the next policy interest rate adjustment is unlikely to be a rate hike.
02:42:56
Federal Reserve Chairman Powell: Our decisions depend on incoming data.
02:42:34
Federal Reserve Chairman Powell: We are concerned about the duration of policy restrictiveness.
02:42:20
Federal Reserve Chairman Powell: If we are to raise interest rates, we need to see evidence that policies are not sufficient to reduce inflation to our target level.
02:41:42
Federal Reserve Chairman Powell: The policy focus is on how to maintain the restrictiveness of policy.
02:41:34
Federal Reserve Chairman Powell: The next policy interest rate adjustment is unlikely to be a rate hike.
02:41:08
Federal Reserve Chairman Powell: Committed to maintaining a restrictive policy stance for an appropriate period of time.
02:40:40
Spot gold broke through $2,320 an ounce, up 1.26% on the day.
02:40:32
Federal Reserve Chairman Powell: We believe that policy will be sufficiently restrictive over time.
02:39:52
Federal Reserve Chairman Powell: We saw evidence in the JOLTS report that resignation and hiring rates have returned to normal.
02:37:54
Federal Reserve Chairman Powell: Slowing the pace of quantitative tightening does not mean that our balance sheet will shrink more slowly than expected.
02:37:45
Federal Reserve Chairman Powell: Short-term inflation expectations have risen.
02:37:23
Federal Reserve Chairman Powell: Policies are prepared to address risks and uncertainties.