While speaking at the Wall Street Jobs Summit on Thursday, FOMC Chairman Jerome Powell reiterated that they are still a long way from the Federal Reserve’s inflation and employment goals. Market reaction With the initial market reaction, the 10-year US Treasury bond yield turned positive on the day and the US Dollar Index edged higher to 90.15, where it was up 0.2% on a daily basis. Additional takeaways “While there are still risks, there is good reason to expect job creation will pick up in coming months.” “As the economy picks up, inflation is expected to move up.” “It’s unlikely that deeply ingrained low inflation expectations would change.” “It’s more likely inflation increases will be one-time.” “Fed will use its tools to achieve inflation goal.” “It will take some time to get back to max employment.” “There’s a lot of ground to cover to get back to max employment.” “We have a high standard for identifying max employment, will take some time to get there.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Powell speech: Will be patient if there is a transitory increase in inflation FX Street 1 year While speaking at the Wall Street Jobs Summit on Thursday, FOMC Chairman Jerome Powell reiterated that they are still a long way from the Federal Reserve's inflation and employment goals. Market reaction With the initial market reaction, the 10-year US Treasury bond yield turned positive on the day and the US Dollar Index edged higher to 90.15, where it was up 0.2% on a daily basis. Additional takeaways "While there are still risks, there is good reason to expect job creation will pick up in coming months." "As the economy picks up, inflation is expected to move up." "It's unlikely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
