There were some murmurs that he perhaps had that information. But based on his remarks, he didn’t offer any explicit confirmation about that. And even reading between the lines, he didn’t really give anything away I would say. Overall, he definitely reaffirmed market expectations for a rate cut later this month and there was no meaningful pushback whatsoever. So, that’s the more important takeaway.
- Fed chair Powell: Future path of monetary policy driven by data and risk assessments
- More from Powell: Further declines in job openings might start to show up in employment
- Powell Q&A: A risk that slow pass-through of tariff start to look like persistent inflation
- Did the Fed get the September non-farm payrolls report before the government shutdown?
This article was written by Justin Low at investinglive.com.