Fed's Bowman: Inflation progress slows and possibly halts

Mitrade
coverImg
Source: DepositPhotos

Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is "sufficiently" restrictive.


Key quotes


“Inflation progress slows and possibly halts.”

“Strength of consumer spending tied to ongoing job growth.”

“Monetary policy currently restrictive; time will tell if it is "sufficiently" restrictive.”

“Consumers are turning to cheaper goods, but still spending heavily on travel for eclipse viewing.”


Market reaction


The US Dollar Index (DXY) is trading 0.01% higher on the day at 105.95, as of writing.

Read more

  • Gold Price Forecast: Gold Returns to $4,200 Ahead of US September CPI, Can the Rally Continue?
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    Gold posts first weekly gain in three weeks — can $4,200 hold through CPI?Spot gold closed at $4,194.645, up 1.47% — its first weekly gain in three weeks — and COMEX futures settled back above $4,200 at $4,220.30. Here are the drivers, the levels and the scenarios into Wednesday's CPI.
    Author  Irene Q.
    Oct 10, Sat
    Spot gold closed at $4,194.645, up 1.47% — its first weekly gain in three weeks — and COMEX futures settled back above $4,200 at $4,220.30. Here are the drivers, the levels and the scenarios into Wednesday's CPI.
    placeholder
    United States Dollar Index sits near March 2025 highs, above 102.00 ahead of US NFPThe US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts buyers for the fifth straight day and climbs back above the 102.00 mark during the Asian session on Friday.
    Author  FXStreet
    Oct 02, Fri
    The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts buyers for the fifth straight day and climbs back above the 102.00 mark during the Asian session on Friday.
    placeholder
    US September Nonfarm Payrolls Preview: Job Growth May Cool, How Will US Stocks, Dollar and Gold React?On Friday, October 2 (EDT), the U.S. will release its September nonfarm payrolls report, with markets focusing on whether job growth can sustain August's rebound and whether the data will
    Author  TradingKey
    Oct 01, Thu
    On Friday, October 2 (EDT), the U.S. will release its September nonfarm payrolls report, with markets focusing on whether job growth can sustain August's rebound and whether the data will
    placeholder
    【Daily Brief】30-year Treasury tops 5.59%, S&P 500 slips to 7,670 and gold holds $4,180 — PCE lands tonightThe 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.
    Author  Suzie
    Sep 30, Wed
    The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.
    placeholder
    【Daily Brief】The dollar ground higher for six days — and the AUD fell 2% in the very week the RBA hiked to a 15-year highThe dollar index held above 101 while the Australian dollar slid to a two-month low of 0.6976, a 2.02% six-session loss, even though the RBA raised rates to 4.60% and Australian CPI printed 4.0%. The yen is the only major currency gaining, ahead of Japan's monthly intervention tally at 7pm JST.
    Author  Irene Q.
    Sep 30, Wed
    The dollar index held above 101 while the Australian dollar slid to a two-month low of 0.6976, a 2.02% six-session loss, even though the RBA raised rates to 4.60% and Australian CPI printed 4.0%. The yen is the only major currency gaining, ahead of Japan's monthly intervention tally at 7pm JST.
    Live Quotes
    Name / SymbolChart% Change / Price
    USDOLLAR-F
    USDOLLAR-F
    0.00%0.00
    US500
    US500
    0.00%0.00
    US30
    US30
    0.00%0.00
    NAS100
    NAS100
    0.00%0.00

    USD Related Articles

    • Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook
    • Best Currency Pairs To Trade 2026: Guide to Choosing Currency Pairs
    • Trading Chart Patterns:Ultimate Guide to Price Action
    • Australian Dollar Forecast In 2024/2025/2026: Should I Buy AUD/USD Or Other AUD Currency Pairs?
    • AUD/USD holds above 0.6500, eyes on RBA Minutes

    Click to view more