More from Powell
- The conditions are supportive of a hike in Dec
That’s a bit more like it but no real move in USD, though GBPUSD remains most susceptible.
- Banking rules are strong enough
- Expects gradual hikes to continue
- Interest rates are a blunt instrument
- Help for savers is on the way
- Market hasn’t reacted to balance sheet reduction
- We do not know exactly where the balance sheet will end up
USD ticking back up to 111.36 from 111.20 but we’re not busting a gut here.