FED5 May 2022 08:53
In the press conference afterwards, however, Powell said the Fed was “not actively considering” a further 0.75% rise, something the market had pencilled in for June or July said economists sending bonds and equities shooting higher.
This "huge relief rally in equity and currency markets" also spread to gold, noted Jeffery Halley, senior analyst at Oanda, but he added there was a risk of too much being read into the remark.
“In fact, Mr Powell didn’t specifically rule out a 0.75% hike next month, citing the need to be “nimble.”
The Fed also signalled another 0.50% hike is pencilled in for the next two meetings, noted Halley,