Free Trial
US TSYS

PPI Lower Than Expected, 30Y Bond Sale Tails

USDCAD TECHS

Bear Leg Extends

AUDUSD TECHS

Bullish Price Sequence

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Powell Says Fed Focused On Core Inflation

(MNI) Washington

Federal Reserve Chair Jerome Powell Wednesday stressed to U.S. senators he is focused on bringing down core inflation, acknowledging the central bank's tools and increasing interest rates would not bring down elevated gas and grocery prices.

"We focus very much on that," Powell said, referring to core inflation. "We are focused on that which we can address."

Keep reading...Show less
96 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Federal Reserve Chair Jerome Powell Wednesday stressed to U.S. senators he is focused on bringing down core inflation, acknowledging the central bank's tools and increasing interest rates would not bring down elevated gas and grocery prices.

"We focus very much on that," Powell said, referring to core inflation. "We are focused on that which we can address."

Keep reading...Show less