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Federal Chairman Powell Speech

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Powell: We’re Prepared to Raise Rates Further if Appropriate

 

  • We Intend to Hold Rates at Restrictive Level Untill Confident Inflation’s Moving Sustainably Down to 2%
  •  Fed’s Powell: Fed Will Proceed ‘Carefully’ When Deciding to Hike Again or Hold Steady Fed’s Powell: Economic Uncertainty Calls for ‘Agile’ MonPol Making Fed’s Powell: Fed Will Decide Next Rate Moves Based on Data
  • Fed’s Powell: Two Months of Good Data Are Only the Beginning of What We Need to Build Confidence on Inflation Path Fed’s Powell: Policy Restrictive, but Fed Can’t Be Certain What Neutral Rate Level Is Fed’s Powell: Signs Job Market Not Cooling Could Also Warrant More Fed Action
  • Fed Clearly say Trade very carefully but interest rate will remain high only
  • Interest rate will get higher till the time 2% inflation target not achieved except Data's are good to make a pause or delay for the same.


Effect:
  • Gold & Silver both remain Downside only.
  • Interest rate will move high, US Dollar will make stronger, Dollar Index also move upside only.
This goes absolutely negative for Bullion without any doubts 
this will make Dollar index very very positive  

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