{"id":84275,"date":"2023-05-19T20:45:50","date_gmt":"2023-05-19T16:45:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84275"},"modified":"2023-05-19T20:47:12","modified_gmt":"2023-05-19T16:47:12","slug":"powell-recent-credit-stress-eases-pressure-to-hike-interest-rates","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-recent-credit-stress-eases-pressure-to-hike-interest-rates\/05\/19\/market-updates\/","title":{"rendered":"Powell: Recent credit stress eases pressure to hike interest rates"},"content":{"rendered":"\n<p>The recent banking crisis, which resulted in stricter lending regulations, has lessened pressure to raise interest rates, according to US Fed Chair Jerome Powell on Friday. &#8220;Our policy rate may not need to rise as much as it would have otherwise,&#8221; Powell continued.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In relation to market expectations, Powell stated that the rate path that markets are pricing in differs from the one that the Fed has predicted. &#8220;The risks of doing too little versus doing too much are becoming more balanced,&#8221; Powell said.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>During Powell&#8217;s remarks, the US dollar fell as traders raised their bets on rate reduction by year&#8217;s end and lowered their forecasts for rate hikes at the June FOMC meeting. To 103.00, the US Dollar Index dropped.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent banking crisis, which resulted in stricter lending regulations, has lessened pressure to raise interest rates, according to US Fed Chair Jerome Powell on Friday. &#8220;Our policy rate may not need to rise as much as it would have otherwise,&#8221; Powell continued. In relation to market expectations, Powell stated that the rate path that &hellip;<\/p>\n","protected":false},"author":13,"featured_media":81885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8143,7164,6871],"class_list":["post-84275","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-interest-rate-hikes","tag-powell","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=84275"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84275\/revisions"}],"predecessor-version":[{"id":84276,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84275\/revisions\/84276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81885"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}