Fed watcher from the Wall Street Journal, Nick Timiraos is tweeting that Fed Chair Powell dodged a questions on a July cut, but his comments offered little to suggest there is any effort to set the stage for a July cut.
The chair was consistent with recent comments. Last week he did testify that July is open only because all meeting are open, but he also expected inflation numbers to pick up in June, July and August. WIth inflation above target, and unemployment not on low but not racing higher, the Fed Chairs arms are tide.
This article was written by Greg Michalowski at www.forexlive.com.