FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments
The post FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments appeared on BitcoinEthereumNews.com. FXStreet Fed Sentiment Index remains in hawkish territory after May meeting. Several Fed policymakers will be delivering speeches later in the day. Markets see virtually no chance of a Fed rate cut in June. The Federal Reserve (Fed) left the interest rate unchanged at 4.25%–4.50% following the May policy meeting, as widely anticipated. In the policy statement, the Fed noted that the economic outlook uncertainty has increased further. While speaking to reporters in the post-meeting press conference, Fed Chairman Jerome Powell argued that the right thing to do in the current environment is to await further clarity. FXStreet (FXS) Fed Sentiment Index declined slightly in the immediate aftermath of the Fed meeting but remained in the hawkish territory well above 100. Although the FXS Fed Sentiment Index continued to stretch lower, it is yet to point to a noticeable change in the Fed’s overall hawkish tone. The data published by the US Bureau of Labor Statistics showed earlier in the month that the annual inflation, as measured by the change in the Consumer Price Index (CPI), softened to 2.3% in April from 2.4%. Fed Vice Chair Philip Jefferson noted that the inflation data was consistent with further progress toward the 2% goal but said that it was still not clear whether an increase in inflation because of tariffs would be temporary or persistent. On a more hawkish note, Atlanta Fed President Raphael Bostic said that he was projecting the Fed to lower the policy rate just once in 2025 amid uncertainty. Bostic is scheduled to speak again on Monday. Later in the day, New York Fed President John Williams, Dallas Fed President Lorie Logan and Minneapolis Fed President Neel Kashkari will be delivering speeches as well. The CME Group FedWatch Tool shows that markets see little to no chance of…
The post FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments appeared on BitcoinEthereumNews.com.
FXStreet Fed Sentiment Index remains in hawkish territory after May meeting. Several Fed policymakers will be delivering speeches later in the day. Markets see virtually no chance of a Fed rate cut in June. The Federal Reserve (Fed) left the interest rate unchanged at 4.25%–4.50% following the May policy meeting, as widely anticipated. In the policy statement, the Fed noted that the economic outlook uncertainty has increased further. While speaking to reporters in the post-meeting press conference, Fed Chairman Jerome Powell argued that the right thing to do in the current environment is to await further clarity. FXStreet (FXS) Fed Sentiment Index declined slightly in the immediate aftermath of the Fed meeting but remained in the hawkish territory well above 100. Although the FXS Fed Sentiment Index continued to stretch lower, it is yet to point to a noticeable change in the Fed’s overall hawkish tone. The data published by the US Bureau of Labor Statistics showed earlier in the month that the annual inflation, as measured by the change in the Consumer Price Index (CPI), softened to 2.3% in April from 2.4%. Fed Vice Chair Philip Jefferson noted that the inflation data was consistent with further progress toward the 2% goal but said that it was still not clear whether an increase in inflation because of tariffs would be temporary or persistent. On a more hawkish note, Atlanta Fed President Raphael Bostic said that he was projecting the Fed to lower the policy rate just once in 2025 amid uncertainty. Bostic is scheduled to speak again on Monday. Later in the day, New York Fed President John Williams, Dallas Fed President Lorie Logan and Minneapolis Fed President Neel Kashkari will be delivering speeches as well. The CME Group FedWatch Tool shows that markets see little to no chance of…
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