Jerome Powell, Chairman of the Federal Reserve System (Fed), will speak in a press conference on Wednesday at 18:30 GMT, 30 minutes after the Fed Interest Rate decision is announced. The speech of Powell will reflect the current views of the Federal Open Market Committee (FOMC) on monetary policy and will also update the Summary of Economic Projections, also known as the dot plot.
Powell will face tough questions from the press on whether the US central bank can keep going with its interest rate hikes considering the financial stress that the banking system has suffered recently. Jerome Powell’s words will carry enormous importance for the market, with the US Dollar, and the US Treasury bonds leading the way and affecting the valuation of most asset classes.
According to Yohay Elam, Senior Analyst at FXStreet, Powell should persevere in the interest rate hikes and “convey a message of confidence” to the markets. Elam expects Powell’s press conference to alleviate any market over-reaction to the likely interest rate hike:
“The sweetener for markets could come in the accompanying statement. Powell and his colleagues will have to comment on the banking crisis, probably by saying they are working closely to resolve the issues and are ready to act if the situation deteriorates.
Such remarks would ease and balance the pain coming from raising rates and defying expectations for rate cuts later this year.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。