Powell Says Fed Rates Are Borderline Restrictive

The Federal Reserve left interest rates unchanged and Chair Jerome Powell said the Fed is in a "difficult situation" and must balance current risks. Powell's remarks signal a cautious stance on the policy path and could sustain market sensitivity to incoming economic data and Fed communications.

Analysis

The Federal Reserve left interest rates unchanged and Chair Jerome Powell said the Fed is in a "difficult situation" and must balance current risks. Powell's remarks signal a cautious stance on the policy path and could sustain market sensitivity to incoming economic data and Fed communications.