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Powell strikes a slightly hawkish tone in post FOMC press conference- Dow Jones slips again
The Fed boss, Jerome Powell is striking a quite hawkish tone to his remarks in the post FOMC press conference. This seems like a departure from earlier efforts. The impact of that has helped top steady the dollar a bit more and pushed US stocks lower. However, it needs to be noted; that trading is very rapid and sporadic at times and right now there is much uncertainty due to that price action. In a word it is all over the place in terms of the micro moves playing out right now, as Powell heads into the Q+A section of the press conference. The Dow earlier rose from a post FOMC low at 38,676, to above 38,800. It is now tracking back to just below 38,750
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