US yield curve

chair powell

Federal Reserve Preview: Look To The Projections For Guidance As Powell May Keep Lips Tight

Monex Europe | The March 17th FOMC meeting is likely to be one of the most important for Powell, with many drawing comparisons with the task presented to his predecessor Bernanke back in 2013. However, the meeting doesn’t require a decision on policy measures by the FOMC beyond what they wish to do with the Supplementary Leverage Ratio (SLR) relief. Instead, the challenge is one of communications. Since the January meeting, the US yield curve has substantially steepened with the 10-year yield rising some 60bps to trade above the 1.6% handle.