02:37:20
Federal Reserve Chairman Powell: We will make decisions one by one.
02:36:58
Federal Reserve Chairman Powell: There are risks in reducing policy too early, too much, too late or too little.
02:36:47
Federal Reserve Chairman Powell: Gaining greater confidence (on inflation) may take longer than previously expected.
02:34:03
Federal Reserve Chairman Powell: Nominal wage growth has slowed over the past year.
02:33:05
Federal Reserve Chairman Powell: This is an important fundamental signal for demand.
02:33:01
Federal Reserve Chairman Powell: Private domestic final purchasing power is as strong as in the second half of last year.
02:32:51
Federal Reserve Chairman Powell: Inflation shows a lack of progress and we continue to pay close attention to inflation risks.
02:32:30
Federal Reserve Chairman Powell: The tight stance puts downward pressure on inflation and the economy.
02:32:01
Federal Reserve Chairman Powell: The economy has made considerable progress in achieving its dual goals.
02:31:26
Federal Reserve Chairman Powell: Inflation is still too high and further progress is uncertain.
02:29:14
Spot gold once again stood above $2,310 an ounce, up $15 after the Federal Reserve announced its interest rate decision.
02:20:00
Federal Reserve Chairman Powell will hold a monetary policy press conference in ten minutes.
02:14:25
Brent crude oil fell 3.00% during the day and is now trading at $83.24 per barrel.
02:13:41
Analyst Steve Matthews: Basically, everything in the FOMC statement was in line with expectations, except that the QT cut was a little more than expected.
02:13:37
According to the Associated Press: US President Biden will travel to North Carolina on Thursday.
02:12:03
Citi: We remain optimistic about copper prices in the near term and expect copper prices to climb to $10,500 per ton in the coming weeks.
02:10:44
Citi: If copper prices fall below $9,500 per ton, the market will be supported by long-term consumer hedging demand.
02:00:32
The Federal Reserve FOMC statement: The pace of U.S. Treasury bond reduction will be reduced from $60 billion per month to $25 billion, and the pace of mortgage-backed securities reduction will remain unchanged at $35 billion per month.
02:00:05
[The Federal Reserve keeps interest rates unchanged] The Federal Reserve kept the benchmark interest rate unchanged at 5.25%-5.50% for the sixth consecutive time, in line with market expectations.
02:00:03
The U.S. Federal Reserve’s interest rate decision (upper limit) for May 1 is 5.5%, expected to be 5.50%, and the previous value was 5.50%.